Nvidia stock split, plus how to invest in the AI trade
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Published 2024-05-23
Freedom Capital Markets Chief Global Strategist Jay Woods joins Wealth! to give insight into Nvidia's performance, its planned stock split, and more.
Woods puts Nvidia's performance into perspective:
"This quarter they made $26 billion in revenue. In 2022, It was $27 billion. So in one quarter they matched what was a weak year, a down year, but it's the growth continues to rise. 600% year-over-year net income, 500% year-over-year EPS. Five years ago, it was a $100 billion company. Now it's $2.5 trillion. And then you look at who their customers are. They're the biggest companies in the world. The Amazon (AMZN), the Alphabet GOOG, GOOGL), the Microsoft (MSFT) of the world...So is it early innings? I say maybe the third, but it's a stock that you need to be in because it's so central to the growing tech story that we're in now."
For more of everything Nvidia, catch Yahoo Finance's exclusive interview with CEO Jensen Huang.
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All Comments (14)
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The stock market is just filled with both overvaluation due to rapid gains and strong economic fundamentals justifying high valuations. Raises concern for my $600K equities going 8% up and 20% down. So is it better to hold on or sell off positions to hold cash?
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Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.
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There is no competition to Nvidia.
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Never sell Nvidia.
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Yes!
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Why is he wearing leather jacket to office??
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Options trading tips on daily, weekly and monthly charts is a great idea that I will definitely try. Thanks for the advice.
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These videos really inspire me to trade and help me understand the intricacies of binary options strategies.
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🖤💚📈🇺🇸Jensen 👑🙏
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PATH 😮
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What is the point of having an “expert” on the show who even mentions Nvidia and bubble in the same sentence. It’s not comparable.
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I have an Allspring mutual fund worth 70k. I have an appt to meet with a Charles schwaub banker on wed. I'm looking at putting in 50k of the 70k in nvidia which will give me 4-500 shares when it splits. I'm banking on everyone buying shares when they're at 100.00 since they missed out 1st rd. Great idea, horrible idea. Please any professional opinions would be most appreciated thanks
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I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my inherited portfolio of about $2.5m. I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio. I’m really worried about survival after retirement.
