From Barron's, July 9:
Nvidia Stock Is Rising. It May Soon Be the Most Valuable Company Ever.
Nvidia has been on a tear lately—and that’s put the the chip maker on the cusp of breaking records.
Shares have jumped 40% over the past three months, rebounding as the broader market got over the worst of its tariff fears, even though CEO Jensen Huang warned in May that curbs on chip exports to China could dent sales by $15 billion. Investors are also hopeful that the surge in demand for artificial intelligence will carry on boosting the company’s earnings.
Nvidia stock was up 0.2% at $160.35 in Wednesday’s premarket. It’s within touching distance of two major milestones: If shares can finish the day at or above $160.46, Nvidia would pass the record $3.915 trillion closing market capitalization that Apple reached in late December, according to Dow Jones Market Data....
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Following yesterday's +1.11% move to close at $160.00 the stock is up another 75 cents (+.47%) in pre-market trade.
What a long strange trip it's been.
NVIDIA: Don't Buy the Stock For The Autonomous Car Stuff (or virtual reality) NVDA; TSLA; IBM
Yesterday the usually very reliable Investor's Business Daily headlined a story "Nvidia Upgraded On Growth In Car, Cloud, Virtual Reality Fields". As we say in our standard intro to the stock:
Before we go any further, our NVIDIA boilerplate:
We make very few calls on individual names on the blog but this one is special.
They are positioned to be the brains in autonomous vehicles, they will drive virtual reality should it ever catch on, the current businesses include gaming graphics, deep learning/artificial intelligence, and supercharging the world's fastest supercomputers including what will be the world's fastest at Oak Ridge next year.
Not just another pretty face.
Or food delivery app.
That's me, quoting myself "NVIDIA Sets New All Time High On Pretty Good Numbers, "Sweeping Artificial Intelligence Adoption" (NVDA)"
That earlier (May 12, 2016) post begins:
We are fans.
Before we go any further, our NVIDIA boilerplate: we make very few calls on individual names on the blog but this one is special.
They are positioned to be the brains in autonomous vehicles, they will drive virtual reality should it ever catch on, the current businesses include gaming graphics, deep learning/artificial intelligence, and supercharging the world's fastest supercomputers including what will be the world's fastest at Oak Ridge next year.
Not just another pretty face.
Or food delivery app.
After hours the stock is changing hands at $38.31 up 7.70% which, if it holds through tomorrow's regular session, beats the old highs from 2007.....
