NVIDIA Becomes The World's Most Valuable Company

TXSTYLE · 06-18-2024, 08:51 PM

Let me just say that I am feeling really good about my $10k investment on that Monday stock split. I'm strongly considering pouring in another $10k asafp.

https://www.reuters.com/markets/us/n...ny-2024-06-18/

Quote:

Nvidia's market cap reaches over $3.3 trillion as stock rallies
Demand for Nvidia's AI chips outstrips supply
Nvidia's stock has nearly tripled in 2024
June 18 (Reuters) - Nvidia (NVDA.O), opens new tab became the world's most valuable company on Tuesday, dethroning tech heavyweight Microsoft (MSFT.O), opens new tab as its high-end processors play a central role in a scramble to dominate artificial intelligence technology.
Shares of the chipmaker climbed 3.5% to $135.58, lifting its market capitalization to $3.335 trillion, just days after overtaking iPhone maker Apple (AAPL.O), opens new tab to become the second most valuable company.
Microsoft's stock market value was $3.317 trillion as its shares dipped 0.45%.
Apple's stock slipped over 1%, leaving its value at $3.286 trillion.

chetrickerman · 06-18-2024, 09:39 PM

Im super happy that I invested a significant amount in Nvidia back in 2021, lol

TXSTYLE · 06-18-2024, 09:50 PM

Quote:

Originally Posted by chetrickerman

Im super happy that I invested a significant amount in Nvidia back in 2021, lol

I bet!!

bagekko · 06-19-2024, 12:02 AM

I am heavily invested in "AI" tech stocks right now and I'm pretty sure in a few years it's gonna go bust like the dot com era. It's all cool & hot right now but will be oversaturated and cheap to do eventually. You only need 1 TRUE AI and it will make everything else by itself right?

If you want to diversify in the sector; Taiwan Semiconductor, Super Micro, Broadcom, Applied Materials, ASML. Don't believe Apples AI hype, they are not a player and are just paying to use someone else's.

TXSTYLE · 06-19-2024, 01:10 AM

Quote:

Originally Posted by bagekko

I am heavily invested in "AI" tech stocks right now and I'm pretty sure in a few years it's gonna go bust like the dot com era. It's all cool & hot right now but will be oversaturated and cheap to do eventually. You only need 1 TRUE AI and it will make everything else by itself right?

If you want to diversify in the sector; Taiwan Semiconductor, Super Micro, Broadcom, Applied Materials, ASML. Don't believe Apples AI hype, they are not a player and are just paying to use someone else's.

I appreciate your response. I was actually having an in depth conversation with a good friend of mine who is all about Stocks and Trading. I am not. But I certainly appreciate the Ai boom and it will certainly make profits in the near future. But I'm trying to diversify and for that, I'm always willing to hear from the experts or at least those who are very active trading.

bagekko · 06-19-2024, 10:41 AM

One thing to watch is all the big S&P indexes will be going through major rebalancing end of this week to next week adding a ton more NVDA and dumping Apple. Could see some nice gains, though I am not believing the hype on how much, and certainly Apple will drop.

I prefer top 50 & 100 S&P index ETFs as they have nice NVDA & others exposure and best thing is they don't include Tesla or at least much of it. XLG & OEF are the ones I like, they outperform most mutual funds and have a much lower expense ratio.

Quote:

Originally Posted by TXSTYLE

I appreciate your response. I was actually having an in depth conversation with a good friend of mine who is all about Stocks and Trading. I am not. But I certainly appreciate the Ai boom and it will certainly make profits in the near future. But I'm trying to diversify and for that, I'm always willing to hear from the experts or at least those who are very active trading.

TXSTYLE · 06-19-2024, 12:32 PM

[QUOTE=bagekko;31244056]One thing to watch is all the big S&P indexes will be going through major rebalancing end of this week to next week adding a ton more NVDA and dumping Apple. Could see some nice gains, though I am not believing the hype on how much, and certainly Apple will drop.

I prefer top 50 & 100 S&P index ETFs as they have nice NVDA & others exposure and best thing is they don't include Tesla or at least much of it. XLG & OEF are the ones I like, they outperform most mutual funds and have a much lower expense ratio.

Will do. Thanks again.

06-19-2024, 12:02 AM	#4
bagekko Major 872 Rep 1,120 Posts Drives: Lots of BMWs Join Date: Aug 2013 Location: RI/MA iTrader: (0) Garage List 2018 M4 Vert [0.00] 2006 Z4M Roadster [0.00] 1995 540i [0.00] 2008 BMW M5 [0.00] 2019 i3 Rex [0.00] 2021 X7 40i MSport [0.00]	I am heavily invested in "AI" tech stocks right now and I'm pretty sure in a few years it's gonna go bust like the dot com era. It's all cool & hot right now but will be oversaturated and cheap to do eventually. You only need 1 TRUE AI and it will make everything else by itself right? If you want to diversify in the sector; Taiwan Semiconductor, Super Micro, Broadcom, Applied Materials, ASML. Don't believe Apples AI hype, they are not a player and are just paying to use someone else's. __________________ 2008 M5 6spd, 1995 540i 6spd 2018 M4 Vert Comp, 2019 i3 120ah REX 2021 X7 40i MSport, 2006 Z4M 6spd
	Appreciate 2 vreihen1620433.00 TXSTYLE14907.50 Quote

06-19-2024, 12:32 PM	#7
TXSTYLE "Salud" 14908 Rep 4,879 Posts Drives: F01 & F15 / Mineral White Join Date: May 2013 Location: The GYM! (The Burbs - N TX) iTrader: (0)	[QUOTE=bagekko;31244056]One thing to watch is all the big S&P indexes will be going through major rebalancing end of this week to next week adding a ton more NVDA and dumping Apple. Could see some nice gains, though I am not believing the hype on how much, and certainly Apple will drop. I prefer top 50 & 100 S&P index ETFs as they have nice NVDA & others exposure and best thing is they don't include Tesla or at least much of it. XLG & OEF are the ones I like, they outperform most mutual funds and have a much lower expense ratio. Will do. Thanks again.
	Appreciate 0 Quote