Comment by tombert
11 hours 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.
> 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?
Intel doesn't make desirable products
If it appreciates just due to inflation you didn't actually make any money. Unless your investment beats inflation, you lose value.
I 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.