Cathie Wood says Nvidia $NVDA is too expensive. And yes, this lady was selling at the same time before Nvidia's 160% rally, but that's just for the record. I just saw someone mention her here recently as someone to watch in the investment sphere.
I think the Nvidia rally could very well continue, and it could be 10, 20, and even another 50% for that matter. Thoughts on NVDA's future development?
Sorry, the sentence _And yes, this lady..... _ doesn't make sense without stating when and how much. I, uh...
https://arkinvestdailytrades.com/
I see the last sale on 5/25 and lots of both buys and sells before that to analyze it I don't want to, but would you know what time period the 160%rally is? And which sales were they?
To accuse Wood of selling an overvalued NVDA is a bit redundant. I even think that people who are riding the green wave right now and come across as visionaries may experience a pretty bad washout.
It is also necessary to mention that ARK buys high-risk companies, which in most cases do not earn anything and the operating profit is not expected to be there until 5-10-15 years from now. Unfortunately, these companies are not exactly made for her customers from the millennials who are on their cell phones on the way to the subway;)
Can I ask the hodlers here if any of them had NVDA stock in 2018 (-53%) and 2021 (-65%) and what was going through their minds then?
Finally, I can agree with Cathie. It's really oversold now, but the market may well continue to rise as you write. It's a question, but if I'm a prudent investor, I'm really selling rather than buying $NVDA right now.
It may well be, I wrote another article around it yesterday with actual news and it's booming now 🚀 but as Tomas says, I would also be careful if it's not a bit of a bubble and it will definitely be susceptible to negative news that may come from the development.
That woman is out of her mind.
I think he's gonna break $400. But if we have an AI bubble here, it won't be for long.