Nvidia Q&A – What Do I Know

By | September 12, 2024

Honestly I know nothing for sure. But I’ll take a stab at answers you probably would like to know.

What Is Nvidia

Nvidia is a company that started out making graphics chips and cards for video gaming. Bitcoin miners use Nvidia’s GPUs for mining bitcoin. Nvidia had been having real problems keeping the graphics chips and cards available because if it. This is the point I bought into the stock of the company. I have only owned the stock since 2001 but it has done exceptionally in that time.

Who says Nvidia’s stock will keep growing as it has?

Lots of people call for big number growth of the company. Other people say that Nvidia is part of the AI bubble that will burst at some point. Take your pick, and who cares?

Nvidia has been down a lot in August and September. Is there something going on?

I don’t know the reason the stock took a dive in the past several weeks. I could pass along information that I heard but it all sounds like bullshit to me. I think that tech stocks are temporarily out of favor, but it means nothing really. People just think it’s time to find something else to invest in I guess.

Why did you increase your position by 10 fold in the last two months?

I felt like the Q2 2025 report would be exciting and buying would be outstanding, and I was wrong. The report was great, exactly what I would expect, and the market sold anyway. My position in shares of Nvidia is virtually where it was at my peak, though down in dollars of course.

Doesn’t the sharp decline in Nvidia make you nervous?

Yes, and no. Just like usual, if I see something major in the market that impacts one of my stocks, I go back to the numbers to see if I still feel I’m right or not. Each time I’ve done this, and it’s been multiple times, I am convinced that I should at least continue to hold the Nvidia shares I have.

Will you increase your shares in the future?

I don’t know. Maybe. Right now I have several items on my wish list.

Why are you so confident that you should stick with your larger number of shares?

It’s pretty easy. By the published numbers, Nvidia is not only the best stock in the market today, but it is the best stock I have ever analyzed since I’ve been buying individual stocks. While I haven’t been doing this for years and years and years, I’m more than a decade in. I learn new things all the time and put them to work, I don’t just go with the basics.

But I don’t do much fortune telling with the macro economics, so I don’t play those kinds of games. I just find good companies and buy their stocks. I stick with and invest more in my winners. I have a good idea how much Nvidia stock will increase over a 1 – 5 year timeframe, but I also know that things can change so I keep an eye on the numbers.

I am confident with my prediction for the stock over a 2 year timeframe at this point. We will see how AI does in the long run.

Am you just desperate, is that why you make bigger bets?

Um no. Yes, I would like to grow my portfolio’s value more quickly but I can live with less… and the plan I have laid out calls for less growth than I expect. I invest in one index fund which has grown quite large. I also play math games with other funds. I’ve probably done the best with this style of investing. But I’m always looking to learn more about investing in individual companies so that’s why I do it, as well as for the return I get. Keep in mind that when you invest in an individual company rather than a mutual fund or ETF, you pay almost nothing in fees.

I do have other individual companies such as Broadcom, Google, Microsoft, and JP Morgan Bank. I try to keep all of my holdings to less than 15 total companies, ETFs, and or Mutual funds.

Can I, the reader, do as well as you with individual stocks?

Yes, but you really have to do it for yourself rather than listening to stock recommendations by so called experts. You can do it!

Haven’t you been recommending to keep more in cash?

Yes. The stock market is overvalued, no doubt. Keeping more “dry powder” ready to invest is a great idea right now. I don’t recommend selling stocks that you already own, assuming you still like the companies.

I use the Buffett Indicator to see how high the market as a whole is. Some stocks or investments may be undervalued, but as a whole the market is pretty high.

Do you play math games with Nvidia stock?

I do take a small amount from my Nvidia holdings on up days and invest it into a triple bond fund called TMF (3x 20+ year bonds). On down days I might reinvest in Nvidia. This means I’m lowering my Nvidia share basis over time, although it’s not terribly substantial. Most of the time bonds move in the opposite direction of Nvidia stock.

How does your Nvidia stock holding compare with your other holdings?

I own more QQQM (Nasdaq 100 index) than Nvidia stock, but my Nvidia stock holdings are larger than all my other individual stocks combined. Probably about double.

How much do you expect Nvidia to grow?

I would like the stock to grow about 100% per year for the next 2, but I realize growth is slowly starting to decline so maybe 80% would be a better target. Honestly if it grows more than 50% I’m thrilled.

Are there other stocks that will grow more than Nvidia in the coming years?

Maybe. But how much growth do you really need? Ask yourself that question. I could live with around 20% growth in my portfolio. I do seek out companies that I believe will grow more than that though because I think there’s risk in aiming right for your target rather than above it.