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How High Do you think Nvidia stock can go?

Posted on 5/16/24 at 7:28 am
Posted by Granola
Member since Jan 2024
530 posts
Posted on 5/16/24 at 7:28 am
In the next 5 to 6 years?
This post was edited on 5/16/24 at 10:47 am
Posted by MikelArteta
Your mother's
Member since Apr 2024
28 posts
Posted on 5/16/24 at 7:55 am to
It'll probably go up, then down, then back up again, the maybe down a little but not too much.
Posted by Geauxldilocks
Member since Aug 2018
2464 posts
Posted on 5/16/24 at 7:56 am to
Very high on that timeframe, possibly $2000 plus.

That said currently the risk is to the downside. Elliot Wave chart not hitting $1,100 on the recent recovery afree April lows indicates below $700 more likely than $1100 after earnings next week.

I think you can get in much lower than current price today, but if your timeframe is that far no problem nibbling here.
Posted by I Love Bama
Alabama
Member since Nov 2007
37741 posts
Posted on 5/16/24 at 8:10 am to
I think it really depends on what the competition can accomplish in the next few years.

I don't think there is any doubt that AI is going to have an equal or greater impact on humanity than the internet did and right now Nividia is in the lead to take advantage of that.



Posted by kaaj24
Dallas
Member since Jan 2010
621 posts
Posted on 5/16/24 at 8:15 am to
If AI is the real deal then it will go much higher.

I recall in the 90s bio science stocks went way up for a time, dot.com boom in late 90s/early 00. Only a handful of winners here over the long term.

I’ve added to my position when it’s dipped below $800.

I’ve been in it for more than 10 years. I don’t plan to sell any of my position for quite awhile unless something drastically changes.
Posted by KWL85
Member since Mar 2023
1193 posts
Posted on 5/16/24 at 8:25 am to
Lots of variables over the next 5 or 6 years, but I am very bullish for the next year or so. I intended to add to my position a few days ago and ran into a hiccup moving money between accounts. It is up 6% this week, and am now hoping for a small dip between now and their earnings report next week. Nvda will beat the market over the next year.
Posted by el Gaucho
He/They
Member since Dec 2010
53171 posts
Posted on 5/16/24 at 8:31 am to
Ai is fake and isn’t gonna be ready to do anything major within the next 5 years

The progress off the bots they make are clearly going linear rather than exponential and they’ve hit diminishing marginal return on just adding more computing power to it

Y’all got all worked up over the 2020’s version of smarterchild

I think in the next couple years it’ll all be revealed as a sham but I doubt they put Sam Altman in prison or anything
Posted by slackster
Houston
Member since Mar 2009
85190 posts
Posted on 5/16/24 at 9:22 am to
NVDA’s “problem” going forward will be their earnings growth lapping more and more profitable quarters. I’m sure it will double in price over time, but their growth will slow and the question will become how much the market is willing to pay up for that slowing growth rate.

I think it will soon - like next two years - run into the problems that Microsoft faced in the mid 2000s and Apple has today which is the fact they’re one of the largest companies in the world and growth on that base becomes more difficult.
Posted by DarthRebel
Tier Five is Alive
Member since Feb 2013
21324 posts
Posted on 5/16/24 at 10:11 am to
Until another competitor can catch up, they will continue to rise.

I agree AI stocks will temper some, until it reaches a more physical use.

AI is locked in a virtual world mostly, living in a computer/phone ecosystem. It needs to get leveraged more in a more physical way. Actually controlling physical items, with true autonomy. This would be making the jump from Narrow AI to General AI, which does not exist yet.

If we make that jump, hold on to your butts though, it will get pretty freaky after that. General AI should make the nerfing they do to narrow AI, almost impossible.
Posted by tokenBoiler
Lafayette, Indiana
Member since Aug 2012
4430 posts
Posted on 5/16/24 at 10:17 am to
"All the way to the scene of the crash."
Posted by Hookah
Member since Nov 2023
116 posts
Posted on 5/16/24 at 4:38 pm to
For my sake I hope it goes to infinity. I have 6 figures invested in NVIDIA
Posted by frankthetank
Member since Oct 2007
2314 posts
Posted on 5/16/24 at 9:40 pm to
They'll announce a 4:1 split this year. And will be back to 1200 in 5 years.
Posted by OhioLSUfan
Columbus, OH
Member since Oct 2007
1293 posts
Posted on 5/22/24 at 7:25 pm to
Posted by DVinBR
Member since Jan 2013
13057 posts
Posted on 5/28/24 at 12:44 pm to
what happens when all these big tech companies have bought all the shovels (GPUs) they need for their gold mining operations (AI Data Centers)?
Posted by FreddieMac
Baton Rouge
Member since Jun 2010
21129 posts
Posted on 5/30/24 at 12:55 pm to
Like Broadcom, they are like at $1300.
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