I am breaking my rule and talking about a specific stock/company. Nvidia. Today 8/29/2024 Nvidia is down almost 7%. That’s right after it posted its Q2 2025 quarterly results.
So is Nvidia a bad company? Far from it. Nvidia is likely to go up “a bunch” in the next year. So should you buy on the big dip? That’s up to you… Totally up to you… but I would say no, not now. After this, September is pretty gloomy and the only thing that might bring a rally is a big rate cut.
Ok so what was wrong? Nothing. THE STORY HASN’T CHANGED. So if you’ve sold today, I’m sorry, but you never should have bought yesterday. Or even a month ago. If you still own Nvidia and can hold it a while, you probably should… but again, who honestly knows what the market will do to us in the coming week, month, or year.
What are your alternatives to investing in Nvidia, because that’s where the doom and gloomers will take you? There are no real alternatives unless you want to take a haircut on gains. But if you hitch up to this stock, it could be a wild ride. I would be willing to hang on until the story changes.
I own some Nvidia and I have since 2021. I bought it as a crypto play and it has exploded since with scientific computing and AI. I love the stock as much today as I did yesterday as I sat on pins and needles waiting for the quarterly results. I have lots of experience picking dogs and have several other holdings, which I like also. Maybe I’ll talk about them sometime.
Please note that I do not give advice on buying and selling stocks because it tends to backfire on me. I prefer to tell you the kinds of things you should look at when you select a stock. Facts and data, facts and data. Not listening to somebody like me.