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You've probably read about NVIDIA's recent earnings blowout… Where it revealed that thanks to demand for AI, its future earnings will crush previous expectations. The markets reacted by sending NVIDIA's stock surging by almost 25% in a single day… An impressive feat when you consider it was already a $700+ billion stock before that surge. If you already owned NVIDIA stock before the jump – congratulations… But if you didn't, don't worry… Because I've just discovered an undercover AI stock that I believe could do 300 times better than NVIDIA. I believe this small-cap stock could deliver Huge returns in 2024 – which would be 300 times better than NVIDIA's 25% surge. So just click here to get your hands on my $6 AI Wonder Stock that could make you richer in 2024 (plus a whole lot more)…
Let's cut to the chase: Nvidia's recent unveiling of its new AI chip, Blackwell, and the subsequent dip in their stock prices has the market buzzing. While the unveiling of the GB200 Blackwell chip at Nvidia's developers conference in San Jose was indeed a spectacle, akin to a sold-out Taylor Swift concert nearby, I've got a different tune to sing today.
Here's my perspective: Despite the glittering promise of Blackwell and its potential to outpace the Hopper GPUs, there's a cautious note to be struck. The immediate 3% dip in Nvidia's stock post-announcement isn't just market jitters; it's a signal. Yes, the analysts are singing praises, with Bernstein maintaining an outperform rating and a $1,000 price target, and Wells Fargo showing optimistic vigor by boosting their price target. Even Goldman Sachs is in the choir, raising their price target with a renewed appreciation for Nvidia's role in AI.
But here’s the move: Investors should consider selling Nvidia stock. Here’s why: In the high-stakes game of investing, it's not just about the potential; it's about timing and market sentiment. The introduction of Blackwell and the Nvidia Inference Microservice, while technologically impressive, might not translate into immediate financial success. The market's initial reaction, a blend of enthusiasm and skepticism, hints at volatility. In my 32+ years of investing experience, I've learned that such moments often precede a rocky performance.
Remember, investing is not just about following trends; it's about reading the undercurrents. Nvidia, a titan in the tech and AI sectors, is undoubtedly innovating at a breakneck pace. However, this rapid advancement can lead to market uncertainty, especially when it comes to integrating new technologies like Blackwell.
In short, while Nvidia continues to play a monumental role in democratizing AI, the immediate future seems turbulent. As your navigator in the dynamic world of investing, my advice is to exercise caution and consider selling Nvidia stock at this juncture. The Market Junkie isn't just about following the crowd; it's about making smart, informed decisions that withstand market turbulence.
Stay tuned for more insights where precision meets profit. Here's to making moves that count!
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