Soldato
- Joined
- 19 Oct 2008
- Posts
- 6,008
It was also a big move, consolidation to be expected if not a much deeper pullback. Could even be a good short term short - I'm sure short term traders will be looking for a good opportunity.Seems like they're losing quite a bit of their momentum this week. Down 5% so far today. Think people are losing their appetite to "buy at the peak" since this is about as high as market caps tend to go.
It's not about being allowed to fail or not, it's not a bank. Investors have no control over that. Nvidia is a great company, regardless of what we think about their 4000 series gaming GPU's . Q1 numbers aside, they have their fingers in lots of pies. All the recent hype sectors from crypto mining, metaverse and now AI Nvidia is involved in. And then self-driving, automation etc. Of course this all helps drive fomo among investor.
Investors do look far out to the future. Only have to read about Tesla to see that, with retail especially saying near the highs "if Tesla do this in 10 years then it will be worth this much". Back then if you told them Tesla would go on to lose 70% of it's current value they'd have laughed at you or much worse. Any disappointing results can have a huge negative impact too, showing evidence that those future targets may not be met. Tesla for example have had quite a downfall from its lofty highs and so far not recovered anywhere near some of the other big tech. People never thought interest rates would be on the up for example and such high value purchases, a more difficult decision.
The future looks good for Nvidia, AMD and even Intel if they can get their act together.
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