Stock Analysis Report 8/10/18 – Who Am I???
In the early 1990s, my three co-founders thought computing was going to be the next tectonic wave in technology and with $40,000 of capital a star was born. I love my name because in Latin it means envy and in a minute you will see why.
My original plan of existence was to create microprocessors that would empower full-motion video and stereo sound in personal computers. But now I enhance 3D, 2D, video, audio, communications, broadband connectivity, and high-definition digital video and television for every audience and platform including desktop PCs, game consoles, workstations, Internet-enabled appliances, Macintosh and mobile PCs.
I almost didn’t survive. My first offspring was a product that tried to be too many things to toom many customers, so it failed. But on the third attempt and nearly going bankrupt, my third offspring was a hit with the customers because was 400% faster than any other product on the market at the time.
In just the last two years, my stock price has risen 368%.
I use to rock out with the gamers, but now I’m getting love from datacenters, artificial intelligence (AI) computing and self-driving cars. It’s just not the sectors that are showing me love either. I extremely flattered because that love is coming from the FANG stocks as well.
I’m going to be the IT thing for a long time because AI is a multi-decade investment theme and because computers can learn on their own, without programmers having to get involved. And, well, I just happened to squeeze my way into the cryptocurrency scene as well. As a result, I have the opportunity to morph my career like Cher and Madonna did over the years and be a formidable star for the next 10-15 years.
This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.
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by rollandthomas
Nvidia! Incredible story and surely the cornerstone of many disruptive and innovative technologies moving forward. I am so surprised another competitor has not entered the market in a meaningful way.
Great job @newageinv
Argh, Nvidia was my guess before I scrolled down to comments. Great minds!
Mine as well. I had it at $46 and sold at $257. My only problem was not having a big enough position:). I sold because it was nudging against an overbought RSI and was above its upper bollinger band. So far I can say it was a good sell. But I might regret it if they increase sales another 60%...
Good post and great incorporated story.
Got to be honest. I'm thinking about putting on a put spread into earnings. Most chipmakers have sold off on earnings this quarter.
It's pretty difficult to bet again a superstar like NVDA. If you do, have your stops ready in case it moves bullish. However, the entire market was get close to the All Time High and with Turkey falling apart and trade wars maybe NVDA grows slower and comes back to earth.