Nvidia's growth is going to continue for at least the next 18-24 months: Constellation's Ray Wang
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- เผยแพร่เมื่อ 27 ก.ย. 2024
- Ray Wang, Constellation Research founder, chairman and principal analyst, joins 'Squawk Box' to discuss Nvidia's stock performance, why he has a $200 price target on the stock, and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/42d859g
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CNBC doesn't disappoint. It was stupid of me to sell $76,000 worth of NVDA stocks without reinvesting. I might turn to cash soon if I don't. Any particulars? (Buying bonds or CDs is not for me).
It’s important to consult with a financial advisor before making any investment decisions.
You're right, I and a few Neighbors in Bel Air Area work with such advisor who prefers we DCA instead of a lump sum purchase, Following this, my portfolio grew 40% in the last quarter.
nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?
Lucia Alicia Cruz is a hot topic among financial elitist in The US. She's gained some reputation for her works during Covid. All the info. you need to set up an appointment is on her web page.
My needs are kind of unique and complex. I'll contact her nonetheless, and I hope I'm able to make something out of it.
What are the best strategies to protect my portfolio? I've heard that a downturn will devastate the financial market, so I'm concerned about my $200k stock portfolio.
Some strategies could be put in place for solid gains regardless of the economic situation, but such execution is usually carried out by an investment specialist.
No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, though this could take till Q3 2024.
That's impressive! I could really use the expertise of this advsors.
Kathleen Cheryl Constantz is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
People are just taking some profits. Stay long.
Exactly
I will.
I made the mistake last year of selling during a Pullback, and not buying back in again because it rebounded to a higher price than I'd sold for. So I missed out on the massive rally thar followed, and only bought back in recently. Not going to make that mistake again, am holding through this Pullback!
Time to buy more!
The best investing tip is to detach your emotions from the investment. You don’t need a great mind to invest, but rather a great stomach, to deal with all the volatility
stocks are overrated now. buy gold , 5% in crypto . rest in cash. and wait for the stock/property/land.
price to crash . but them after it stops dropping for 7 - 12 months at the bottom.
proper research, good analysis and luck is what you need to make profit in this constant market decline.
it's all about finding the right moment to take advantage of and generate colossal profit, which is why you need to do your research
Even with the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a market analyst for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again.
My partner’s been considering going the same route, could you share more info please on the advisor that guides you?
buying nvidia at discount. Talking from my position, i can say that i earned a good quantity of money with nvidia. Something that i’ve learned from my time here, is that i have to take advantage of every back. I really trust nvidia and i trust Jensen.
The correction is here, opportunity for fomos to go in
Is the market controlled or tampered with? How can NVDA be down today when a giant ETF fund HAD to buy $11 billion dollars of shares after Friday's close........something sounds screwy or controlled.......
With that much buy action there is NO WAY it can be down today.......that 11 billion equals 40 percent of daily NVDA volume......sorry but something stinks here.......where are the 11 billion in shares??????
Um in what reality is 11 Billion 40% of daily volume
Simple answer. Shortsellers are taking massive profits. Many predicted this would happen after the rise and split. Hang on.
They buying options
That's not new information.
$9 million into nvidia. Keep it growing❤❤❤❤
💯🎯Ray Wang!
Buy ? No? Well by my opinion NVDA can go lower to 111$ and even under 100$. But upside is huge. And yes go to average.
Buy more baby!!!!!
Its down Pretty low right now
Pretty Low? wasn't it this much just days ago lol
I am buying big here
Smart 🖤💚📈🇺🇸
people don't understand the wall of entry to nvidia's market is almost impossible.
NVDA going to Pluto.
its moving to the sun which is backwards
@@michaelcanavan00 Get ready for the rollercoaster.
@@robertwilliam9558 I hope it goes back up lol
@@michaelcanavan00 Wednesday is the Annual stockholder meeting. Hopefully good news.
@@robertwilliam9558 me too
I'll take 150
I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2024
Nothing is go up forever, it will always be a correction. I'll by when it hits 110.
Most likely won't go that low, its already down almost 20%, should buy sooner than later and just hold on.
idk if ill believe a person that cant spell buy correctly
@@Jaazca115 soon
You'll be "by"?
Like as in... You like girls and dudes?"
@@Jaazca Lol yes it will. That low? It was literally this price days ago lol
This didn’t end well. Currently $108 😅
Time is the key and Nvidia is not well tested for its competitive dominance in AI. Suddenly it become the most valuable stock in the world, this is an obvious bubble! Bear in mind Microsoft and Apple has been proving their unparalleled competitiveness over many years.
Or it was extremely undervalued, their earnings are very good. I think their earnings will stay very high, but you never know of course
but AGI is a buzzword and all they made is a search engine on crack
I have a long call for 2025 and I’m hoping this is temporary.
Nothing will happen with Nvidia until they come out with earnings in August.
More than likely it will move to $150 before then
@@ericjohnson829The trend says it won’t but it will likely happen after earnings. Just my opinion
Nothing goes up forever
Stupidity
All I hear are buzzwords.
waiting for 110
maybe he can predict who will win 2024
It takes Nvidia only a year to come up with next upgrade cycle.
19-24 months??? No, it will be a long run ai Nvda
AI is overhyped, it is not deterministic, so you can't use it without an expert overlooking. Good for trivial stuff.
selllllll they are fooling you
😂 This guy is a joke.
So I guess NVDA goes down forever now.
No bro nvda will sky rocket soon
@@axselgonzalez3857 how soon? Soon is a relative word.
@@axselgonzalez3857 I've been trying to buy NVDA for 10 years. And whenever I do, it crashes to hell.
But if I sell, it instantly reverses trajectory. 95% accuracy.
@@axselgonzalez3857 When?
Lost 147 K of my mom's retirement trying to buy Nvidia dips.
@@axselgonzalez3857 yeh, you right.
Heading to 90
ai bubble crashing. jump ship while you still can.
This is laughable.
Anyone who sells is a FOOL
still holding the bag I see, keep it up so wall street can unload their shares first. nvidia is the new CISCO.
...and there's a lot of fools out there. Most of them hadn't even heard of Nvidia unless they're a PC gamer who knows about their early years when they only made graphics cards.
Log stock curve is an emotional indication. Correction is obvious. Will be great 3 years out though. Take a short term beating for fun?
Jensen sold....
For those who sell will regret this
So it is sold out?
well even the CEO is cashing out some xd
No ish dummy@@dan-cj1rr
@@dan-cj1rrobsolutly 😂
Just noise…it’s going up up up!
1:28 Going from "1/10th to maybe 1/100th of a roadmap of Nvidia" sounds like a big stretch 😂😂😂
Everyone is so bullish in this comment section
For me personally this is one of the many time Nvidia took profits while the company hummed along. The stock can only stay down so long while earnings rise.
@@amcfluff1547 what’s there P/E ratio?
@@andresmarchena6362 Forward or Trailing? Both can tell very little about the actuality of what will happen.
@@amcfluff1547 I think p/e long terms settling down price of 20 is appropriate at its 30 year settling down point , a 70 p/e means a tripling in earnings before the current valuation is justified in the long run, a 3 trillion dollar company should be making 3 times as much as Nvidia, not 3 times normal numbers 3 times the blow out numbers, that’s basically writing of any competitors, cuda is the most used by far but it’s not the same as iOS when it comes to competitive protection not even close
Everyone should sell all stocks and buy ONLY Nvidia
Bubble
Bold!
Currently 15% off right now so if it goes down even more than theres more shares to buy.
12 months target 200 is easy as pie for Nvidia.
Agree- I would go $300
Just asking how?
@@dk-we6fr -- Yes, $300 before end of 2025.
The money has to come from other sectors, it will make the rest of the market and economy suffer.
@@aguyinavan6087 should i better sell ? Im down -2.5k
stonks only go up BTFD.
Since you mentioned democracy, you have the right to express your opinion when asked. However, calling everyone you disagree with stupid or crazy makes it seem like it’s all about you. I'm sorry that Apple wasted 3 months and you didn't make any money, but that's life.
Too many folks bought on margin and cant handle the slightest downturn. I see more down days unfortunately
Only thing that significantly worries me is: What if the supply chain is disrupted, mainly due to solely relying on TSMC and the looming threat of the neighbor of Taiwan?
Facilities in AZ being built right now for TSMC with U.S. gov grants.
@@AndreS-ie7if That's like 3-4 years away.
stock will probably drop to 105 to 110, i'll buy when it hits that level.
Yep.
won’t happen. That would be a hard back.
kidding ? suddenly drops its going 99 @@zamor7778
Support is around 116 now. It’s got a long way to go.
@@FJX716bro shut up "support" doesn't exist. You're doing astrology with stocks talking about support.
Stocks Can do literally anything at any given moment.