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2024 YTD returns: NVDA 172% AMD 27% INTC -30%

• deleted 2y ago
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• cj 2y ago
  Stocks of companies that develop extremely niche and technical things is a tiny sliver of the stock market that I actually think communities like HN would be better at valuing than the market. Technology stocks are the only ones I personally day trade for that reason. Example: at the beginning of a pandemic lockdowns, any HN user could have anticipated increased internet usage and buy Cloudflare/Fastly stock and made a lot of money before the rest of the market realized that CDN companies will significantly benefit from that specific macro event. I'm not convinced the market (or market analysts) have a deep understanding of Nividia's long-term advantage. If they did, we would have seen a much slower and steadier valuation increase rather than the meteoric rise. Meteoric stock price rise/fall = the market is having trouble valuing the stock. In other words, stock prices don't add much to the conversation.
  • storyinmemo 2y ago
    Intel's profit, and revenue, have declined for 3 consecutive years. Their price to earnings ratio is 36. Nvidia's revenue is now greater than Intel's with 20% of the employees that Intel has. Their PE ratio is 78, roughly double that of Intel. The market valued Nvidia as growing and Intel as not.
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