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It's entirely possible it will crash, but I also don't think it'll go bankrupt or anything. I don't typically buy stock to flip it right away; I have some Nvid
by tombert 9mo ago
It's entirely possible it will crash, but I also don't think it'll go bankrupt or anything.
I don't typically buy stock to flip it right away; I have some Nvidia stock that I bought the day after ChatGPT was launched, and I bought a bit more when it was $90/share about a ~year ago. If it drops to $100, then I'll still be in the black, but even if it drops to $50, I'm not going to worry because I figure that I can just hold onto it until another upswing.
Nvidia has been around long enough and has enough market penetration in datacenters and gaming that I don't think it's going to go bust, and I figure that it will eventually appreciate again just due to inflation.
- idiotsecant 9mo agoIf it appreciates just due to inflation you didn't actually make any money. Unless your investment beats inflation, you lose value.
- tombert 9mo agoI don't dispute that all. I'm just ok with that being the outcome; if it keeps up with inflation then it's still better than storing it in a bank, and the thing that would upset me more than "not gaining" would be "actively losing". Now obviously, if it drops below from what I paid for it and then it takes inflation to catch up, then yeah, that's definitely "lost money", but that's just the risk of the stock market, especially with individual stocks. I also think that if it crashes, Nvidia might still have another surge eventually, even if it doesn't get back to its full glory. I definitely would not buy new Nvidia stock at its current price though.
- davesque 9mo ago> Nvidia has been around long enough and has enough market penetration in datacenters and gaming that I don't think it's going to go bust, and I figure that it will eventually appreciate again just due to inflation. Shouldn't the same argument also apply to Intel?
- ThrowawayTestr 9mo agoIntel doesn't make desirable products