Stock down 6.5%, Nasdaq futures down 1.5%.
By Wolf Richter for WOLF STREET.
Nvidia disclosed in a filing with the SEC that it expects to charge up to $5.5 billion against earnings in its fiscal Q1 due to what would amount to a US government export ban to China of its H20 GPU, the chip it specifically designed for China to comply with the export restrictions imposed by the Biden administration on its most advanced chips. The government has said that the chips can be used in supercomputers for China’s military.
The H20 GPU, based on the Hopper architecture released in 2022, has slower interconnection speeds and bandwidth than the H100 and H200 GPUs sold in the US and other countries. The latest generation of its AI chips is the Blackwell GPU, introduced in 2024, which is not for sale in China.
DeepSeek, which shook up markets earlier this year when it released its AI model R1, had used H20 GPUs.
The charge would be “for inventory, purchase commitments, and related reserves” in China, Nvidia said.
Nvidia’s shares plunged 6.5% afterhours, to $104.93, down by 31% from its all-time high last June. Nasdaq futures dropped by 1.5%, S&P 500 futures by 1.0% at the moment.
The filing was devoid of details:
“On April 9, 2025, the U.S. government, or USG, informed NVIDIA Corporation, or the Company, that the USG requires a license for export to China (including Hong Kong and Macau) and D:5 countries, or to companies headquartered or with an ultimate parent therein, of the Company’s H20 integrated circuits and any other circuits achieving the H20’s memory bandwidth, interconnect bandwidth, or combination thereof.
“The USG indicated that the license requirement addresses the risk that the covered products may be used in, or diverted to, a supercomputer in China. On April 14, 2025, the USG informed the Company that the license requirement will be in effect for the indefinite future.
“The Company’s first quarter of fiscal year 2026 ends on April 27, 2025. First quarter results are expected to include up to approximately $5.5 billion of charges associated with H20 products for inventory, purchase commitments, and related reserves.”
The disclosure today came six days after the government had informed Nvidia on April 9 about the export license requirement.
The write-down may be in part for inventory of H20 GPUs that can no longer be sold in China and for purchase orders that can no longer be met.
The portion of China sales in Nvidia total sales has already been declining due to export restrictions. Analysts at Bernstein had estimated last month before the export restrictions were tightened that sales to China would decline to about 13% of Nvidia’s total revenues in fiscal 2025, down from a share of 17% in 2024, and down from a share of 26% in 2022, before export restrictions by the US government kicked in.
China was Nvidia’s fourth-largest region by sales last year, after the US, Singapore, and Taiwan, according to Nvidia’s annual report. It listed China’s Huawei as a competitor for the second year in a row, indicating that its GPUs are becoming competitive with some of Nvidia’s products.
The disclosure is another indication that Nvidia’s revenue growth will slow further. And that’s not a good signal for a stock price that was catapulted into the stratosphere by AI mania during which Big Tech rushed to buy Nvidia’s GPUs and pay whatever for them.
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Sale to China is far bigger than the official figure and everybody knows that. If the third party purchase is cut off, the actual demand for Nvidia GPU will be 40% lower.
We used to sell scrap iron to Japan in the 1930s, until FDR banned its export. Nobody complained back then and for obvious reasons.
A lot of good that did. In the mid 1970’s, the manufacturing plant I ran in Detroit, used to store Japanese coils of steel in our empty warehouse. They rolled it, shipped it to us for storage and they sold it to processing plants in the Detroit area.
Our massive steel industry in the U.S. is gone for good.
That’s what happens when people overseas will work for a fraction of what US workers are paid, and when environmental regulations make it unprofitable on US shores. It ain’t rocket science.
As long as we have the willpower to demand production here, we certainly can. While many antiquated steel mills have closed, smaller arc mills have sprouted up, especially in southern states. But we do need to rationalize how much we can afford to produce here when the cost structure is much higher than other countries. And mills don’t open up overnight.
The top tick for nvda was a couple of months ago when deep seek was announced, saying they would open source their software improvements. That meant anyone can develop AI for 5% of the cost in chips and power consumption.
Nvda will be a $40 stock again this year. Maybe a lot lower.
It was recently reported that up to 80% of China’s newest datacenters are completely unused, because there’s no demand or they aren’t able to operate cost competitively.
It was also reported that Microsoft is scrapping a lot of plans for new datacenters.
If those reports are true then I think that will have a MUCH bigger impact on demand for NVIDIA GPUs than anything related to trade policy.
But Amazon and Alphabet have re-affirmed their investment binge in data centers.
I, disagree. I currently think that the American consumer market is the only market for Chinese manufactured goods. The Chinese don’t necessarily have the whip hand, that the shock news industry, claims.
Who else besides the USA is willing to shut down their industrial base to purchase Chinese manufactured goods. At a low price, whose social cost is exorbitant.
What, is a P/E of 38 high?
Asking for a friend.
PEs of 5 to 20 are normal based on current earnings, although any non-listed company is worth about 3 years current earnings.
Just wanted to let you know that gold futures went over US$3300 a short time ago with spot around $3288.
Up more than $60 an ounce – three times your stated value of gold being worth $20 an ounce….
I stated my value of gold is $20 per POUND, not ounce.
“I stated my value of gold is $20 per POUND, not ounce.”
Meth for breakfast?
DC, you can pay whatever you want. Gold is in a manic bubble of epic proportions. It is now up $103 per ounce today, but I would not pay more than $20 per pound and when it gets there I would be a buyer of at least 2 pounds. BitCON had the same manic euphoria ride to $100,000+ on something worth zero.
I’m reading some classics of Austrian economics, so this comment is really funny.
There are many people who think gold is worth $20 an ounce, and they’re not buying any right now. There are also people who think it’s worth $6,200 an ounce, and they’re gleefully buying.
The Austrians might say that market transactions reflect a diversity of thoughts about value, they don’t tell you what a single, objective, inherent value is.
SCBD:
$20 a pound?
Well then that make you look even worse, doesn’t it.
Any other insights you’d care to share with readers?
SoCalBeachDude,
Gold has some value: it’s used in some industrial and electronic applications and jewelry is pretty. I value food, shelter, medicine and transportation more, but it has some value.
Bitcoin also has some value- it’s a method of payment and is especially useful to criminals. I wouldn’t value it highly, but surely a little more than zero?
You people have to understand that SoCalBeachDude likes to pull everyone’s leg occasionally. And does so successfully, as you can see, LOL
I think he was being sarcastic, LOL!
‘Tier one asset’, Bank of International Settlements.
High relative to what? Rather than consider Price/Earnings, it’s much better to consider the inverse of P/E, the Earnings Yield.
So, 1/38 = 0.0263, or 2.63%. The better question then is to ask if earning 2.63% in a year on a volatile investment is better than earning say 4.0% on a readily-available, safe investment.
On the other hand, 38 is the Historical P/E for the last year. There is also a Prospective P/E, which is what “analysts” imagine the earnings will be in the future. According to Zacks.com, the future P/E will be 25. That’s an Earnings Yield of 4.0%. But you can tell your friend it’s still not good enough.
the “future” p/es are often based on very optimistic estimates, that then get revised down. it’s like wall street’s “earnings beat” game.
You do realize that a PE (Price/Earnings) multiple value a stock based on a 38 year time frame, don’t you? A typical small business is almost always never worth more than a 3 year valuation of earnings.
You can’t pay your real estate taxes or home insurance or car insurance or anything else with “earnings yield”.
Apparently, no one pays attention to a fundamental stock criteria such as a P/E anymore. Insider information, presidential Tweets, and “secrets” are what moves stock these days.
Personally, I don’t think the market sell off is because of Trump’s antics. That is only the ignition source to the deflation of a massive credit bubble with the concomitant forced sales of over priced assets, purchase on credit.
I’m old and risk averse.
So many buy the dip golden opportunities, I am sure by couple of weeks from now, this will be a nothing burger and FOMO retailers and institution will drive this stock back to the moon again..
Unless you can buy them at a much steeper discount by summer. I mean who wants to go to their grave thinking about what a loser they were buying over priced stocks from the wise guys just before the price decline and eating the losses.
If you look at the after hours trading, someone knew this ahead of the general market release. (huge spike up then down) However, I don’t expect the SEC to do anything except monitor the situation.
I will not invest in any market that shows signs of complete lawlessness and greed as this market is currently exhibiting.
The SEC must prohibit all stock trading 24hrs prior to market sensitive information releases like this. I do not hold any stock in Nvidia, However Do your Job or pack your bags
Lol, have you ever filed a complaint with the SEC? I’ll be one of those 300 year olds on the social security rolls before they respond. If we ever had the rule of law extend to the stock market volume would drop 90% and the cabal would have half it’s members doing time.
Because “we’re going to halt NVDA trading tomorrow” wouldn’t be worse?
Better to just eliminate after-hours trading. One could easily do all the trades necessary within normal operating hours. But there is a reason casinos are open 24h a day.
If you’re an investor instead of a trader, the stock market can be a very productive, if volatile, place to be. Just ask Buffet.
buffet is from a different era.
the stock market has been a casino for at least 10 years now.
It always has been. Now it’s just a bigger one. Long-term value investing still works and is largely immune to then day-to-day craziness. You just have to stop watching and don’t get sucked in.
The SEC merely exists to “take their cut of the loot,” nothing more.
The free and open stock market for citizen investors, maintains, in spite of the obvious corruption in the legislative (Congress), the judicial (Courts), as well as the executive (President) branches of government.
Probably too late but all of these export restrictions are just going to get China to catch up quicker than they already were going to. Seems better to have them as a solid customer rather than a competitor driving prices down.
“The Capitalists will sell us the rope with which we will hang them.”
Vladimir Ilich Lenin
LOL! I laugh every time someone talks about “American Capitalism”. Something that hasn’t existed. Just look at all these hedge funds and banks that should have gone out of business long ago, yet that continue to get bailed out by the Fed and few remaining American tax donkeys…
Full FAITH and credit, as it were. No surprise that gold is taking off.
Interesting Times.
You seem to be reading a lot into BW’s comment that isn’t there. Hedge funds didn’t exist when Lenin purportedly made the comment over a century ago. Bank bailouts weren’t a thing either at that time.
It’s my biggest complaint. We are supposed to live in a capitalist society but when it’s time for Big Capital to lose, the rules change and free marketers suddenly want recapitalization, bailouts, FED flooding the money supply, etc. All paid for by putting the bill on the national credit card.
It has not gone unnoticed that many small businesses are getting hammered by the tariffs with little advanced notice. Meanwhile Apple gets an exception, at least to give them time to build up inventory.
Nate,
Basically what you get in late stage capitalism where competition is significantly reduced to a few players in different industries who are the puppet masters of government. Intel, before it virtually collapsed loved AMD having a small amount of market share as it could charge what they wanted without be found guilty of unfair practices, all while pursuing actions against dumping by other countries, which in some cases was accurate. Large businesses like Amazon are essentially miniature version of planned economies which are extremely efficient compared to the imaginary free market. Bailouts are really just for the greater good!
rojogrande,
No. I think you are the one overthinking things. Allow my to simplify; Capitalism did not exist during Lenin’s time in his society, and it doesn’t exist now.
@Glen,
Amazon has nothing whatsoever do do with a “planned economy”, if they don’t deliver quality and speed and value, Temu and Shein and Walmart will eat their lunch. Amazon lives and dies on being the best, most convenient, and often best priced option. They exist solely because people use them. If people move on, they are dead.
A command economy is the dead opposite. Talk to anyone who grew up in the Eastern Block. Black bread once a week. No meat. Maybe a sad little turnip or cabbage. People have NO OPTION. No one forces anyone to use Amazon, heck I shop there maybe twice a year, of that. Amazon stocks what people want. Command economies can’t even feed their own people.
WB,
Capitalism doesn’t exist either now or a century ago? You should look up the definition of capitalism. In any event, you’re free to believe whatever you want.
It was Russia the Bolsheviks hung. It’s never really recovered. There was hope, briefly in the Gorbachev era and then the descent into kleptocracy,
Bingo,
We are arriving at the same endpoint, just coming at it from a different direction.
Lenin was a thug and a murderer, nothing more, nothing less.
Little fact: Everyone I guess admires the Soviet effort in WWII.
Along with the millions killed in battle or collateral-damage, the Germans took 2 million prisoner, mainly to serve as slave labour.
When they were liberated and sent back to Russia, Stalin had them executed.
China will attempt to research and develop cutting edge new chips whether or not they can freely buy chips from the US in the interim.
It’s entirely possible that China will develop better chips than Nvidia over time.
I’m not sure, similar to the US working through intermediaries, I wonder if they will just route the chips through a different country. That said, there would be a couple markups along the way.
Tom S,
My understanding is country of origin is rigidly enforced with significant penalties. A product can go through significant transformation to get around this but intermediaries won’t be doing that.
I thought this was a licensing restriction imposed by the US against exporting the chips directly to China? I’m not sure how that would be enforced if the chips were routed through an intermediary. Maybe it’s possible? I truly don’t know.
Tom S,
I spent time googling it as several firms specialize in this and I came away more confused than when I started!
Well, China seems too have a problem in stimulating domestic consumption for all the crap they produce. There is only one buyer whose morals are indeterminate enough to use it.
In massive quantity.
I’m buying. The other chip makers are far behind. AI will only get bigger. The need for massive amounts of energy will be the only constraint.
AI will require a lot less energy than projected because of the nature of AI models. The different result achieved by updating the model by adding one data point is the capricious nature of the mad hatter, AI.
Nvidia and AI are the NEW dot-com bubble. Hopium, Fantasies, Fairy Tales, Find a Bigger Sucker, Wall St. Money Shenanigans, Musical Chairs, Get Rich Quick Scheme, It’s a matter of time before someone yells ‘Thar she blows!’
Not all tech companies died in the dot-com bust. The solid ones have done amazingly well.
But GPUs aren’t to future of AI. TPUs like Google builds in-house (and offers as a cloud service) are much, much cheaper to operate for the same results.
Agreed, Cisco is only $20 off its 1999 high, while a great secondary network company like extreme Networks is about 80% off its 1999 high. At least they did not go bankrupt. When these Companies are at these extremes, we probably should be looking somewhere else.
Not all of them died but many of them lost 90%+ of their market cap before it was over. Amazon for one.
So Nvidia at $15? Last seen in early 2023.
I’d rather buy Nvidia at their all-time high than touch ANY crypto with a ten foot pole. Crypto is literally NOTHING. At least Nvidia is a company producing something, with a means to earn income.
I once read here in the comments that crypto is “stored entropy”. So that means it has value and you should buy some, today.
And your words here are NOTHING. The bits that make up this article are nothing. Your login password is nothing.
Just because something is insubstantial doesn’t mean it can’t have value.
Anybody can create a painting yet one by Van Gogh is valued more than others. Why? They can even be copied such that only a few people in the world can tell the difference yet only the original has high value. Why? You couldn’t afford the security to display the original even if you had it but it has a high value stored in a vault. Why?
I’m not recommending buying crypto but understand that while most are pure “greater fool” gambling, there are a small few that (currently) have real value to a great many people.
NVDA is already back to May 2024 price levels. That’s dead money for a year. It has already tested below $97 this month, which is 50MMA. If it closes April below $97, the next support is at $75.61, the 52-week low from April 19, 2024.
NVDA will be in Wolf’s Pantheon of Imploded Stonks, mark my words!
I think sooner or later people will realize that the line doesn’t always go up. If we stay on this course the tarrifs, loss of trust, and disinvestment in US assets will show up somewhere somehow. We’ll see how this all shakes out but Nvidia won’t be the only company posting these sort of hits due to trade restrictions and/or tarrifs.
Now imagine if companies could operate without restrictions in other countries. Other countries also put restrictions on US companies but apparently no one cared about that
NVDa is a 25 billion stock float. Unstoppable on the way up. On the way down its supertanker anchor And yes it was frontrunned. It was under an orderly distribution all day
To heck with nvidia. Who keeps buying gold every night at a $50-$80 an ounce rate per night? I’m wondering if it’s our friend who cannot buy the newest chip from nvidia? I’m wondering if wise ole wolf has any idea what’s going on?
If someone is buying gold, someone must be selling it to them. My question always is: who is SELLING this gold to them?
Newmont mining.
Did they do a round of funding to create that gold… Oh wait… They dug it from the ground and had it refined?
O my… What a novel concept…
My ex wife who took all my bars in the divorce 😭😭
Dumb: one of the points of gold is it can be a hidden asset. Don’t tell next gal where it’s buried. But remember where.
Pump and dump. Wikipedia has a decent explanation of the term.
Since (cheaper) DeepSeek R1 was launched in Jan 2025, Nvidia stock has plunged around -30% in just 3 months. A tougher China export ban of the H20 chip is only going to pressure the shares even lower. China has gone from tailwind to headwind. Wouldn’t be a surprise to see Nvidia stock down -50% from the peak before the end of 2025.
Had to lol at Singapore being the no.2 market for chips. The re-shipment market to other parts of Asia is alive and kicking ;-)
Singapore is far from being a place to redirect chips etc.
AI Overview
Singapore’s manufacturing sector is a significant part of its economy, contributing around 20% to 25% of its GDP. It focuses on higher-value products, particularly in electronics, precision engineering, chemicals, and biomedical manufacturing. Singapore is a major global exporter of high-tech goods, including pharmaceuticals and machinery.
I listen to a podcast the other day, where they mentioned, how the Chinese chipmaker could make better chips without the support of the dutch ASML and NVDIA and other Western suppliers:
They just had to buy from smaller local Chinese chip making equipment manufacturers which they would before not tough for critical chips due to uncertain supply, but on which they had rely on, when overseas supplies dried up.
This gave a lot of funding to these smaller companies that otherwise would end up in NVDIA’s coffers.
With these funds they could invest in R&D and better equipment, better engineers and after some time you have good results.
Deepseek also did not come out of nowhere, they came out of an active scene of specialists who could strive on low budgets.
I see this scenario playing out in my machine industry – the Chinese competitors play us against the wall.
What is important is that tariffs work!
Work to do what? Tariffs are TAXES that make goods cost more.
@SoCalBeachDude
“Work to do what?”
To Bring more manufacturing back to the USA.
Showing that AI (artificial idiocy) is just another pump-and-dump.
Before AI there was crypto, web3, blockchain, virtual reality, big data, IoT, and wearables – all supposedly revolutionary technologies that have never lived up to the hype.
There is a lot of hype with AI… but all the BS aside, there are some real genuine applications for it.
“Malaysia is now dominating the Nvidia chip flow into Asia, and March has officially taken the crown as the biggest month ever for shipments to the country.
Let’s talk numbers:
* 2022: $817 million
* 2023: $1.276 billion
* 2024: $4.877 billion — an increase of almost 300% YoY
* 2025:
* January: $1.12 billion (!) — nearly 700% year-over-year increase (!)
* February: $626.5 million
* March: a record-breaking $1.96 billion (!) — an astonishing 3,433% increase from 2023 to 2025 (!)
Total GPU flow from Taiwan to Malaysia in Q1 2025? $3.71 billion. If we take Nvidia’s estimated total revenue for Q1, Malaysia’s shipments alone make up almost 10% of the company’s estimated revenue in Q1 (!).”
https://x.com/kakashiii111/status/1911394237645545605?utm_source=substack&utm_medium=email
Not to worry, making tennis shoes in Ohio by hand labor will fix all this.
Farm-to-Foot Artisanal Jackboots
I mean new balance makes like 4 million shoes in the US and their shoes are much more high quality than Nikes bullshit
Ha ha this, so much so, let’s just trade with people and sure, when countries like China don’t play fair, hit them hard until they do, but our friends should not be made out to be enemies so we can all pay 400$ for a T shirt
There are significant things that our allies do that we shouldn’t put up with especially NATO ones. Now we shouldn’t have been so public about it and the process was wrong but there are things that need to be rearranged
I think a lot of countries are realizing that their “friends” are not their friends. At the end of WW2, Canada had the third largest navy in the world with 471 ships. It’s time for them to get back in the game and arm themselves to the teeth including a potent nuclear arsenal under the control of no one but themselves.
Happy1,
You make it sound like the US plays by the rules. A lot of the moves around the world lately are to get away from the excessive sanctions it applies along with the military organization NATO to enforce them. There is always cause and affect. The playing field hasn’t been level since pre WW II.
If you look at trade and tariffs specifically, the US (until very recently) has very few barriers in comparison with the EU and Asia. The US certainly has interfered around the world militarily and economically in other ways, no question, but it has historically been easier to sell things from other countries here than in any other large developed country.
You love that cheap, 3rd world slave labor, don’t you?
Americans are addicted to it, along with artificially low interest rates and an ever increasing stock market.
I like buying things from people who like to work. If people in Asia have excess labor at a low price, yes, I strongly prefer buying at that lower price, and I know very few people who willingly pay more for the same goods given the opportunity.
so americans should be forced to complete with people from the third world working for quasi-slave wages?
First of all, AI is not going to be as big/impactful as many claim/hope for. Strip away the hand-waving and hyperbole and you have a useful technology, but one that has real costs; primarily energy.
Righ now it literally will solve global hunger and figure out controlled nuclear fusion, but just like all techology, the downsides, limitations and realities will manifest over time.
The solution to Global Hunger is McDonalds!! Buy the dip!!!
This stock will be another imploding stock in the history of all imploding stocks.
I’d like to see a breakdown of the recent drop in the markets bifurcated by tariffs and AI bubble.
I’m convinced nothing can kill the market. Maybe this time really is different.
There’s an all out trade war and the market doesn’t seem to care. It’s like nothing affects it now.
Ever since I decided to buy 100 shares of NVDA around Christmas 2017, I have watched the continuing cycle of big outsized gains, followed by huge sell-offs. Throughout these 7+ years, I have read (with amusement) about how overvalued the stock is and that it would soon fall to the low price those people think it’s worth. The most ironic example was when Cathie Wood (of ALL people) sold 860,000 shares back in Nov ’22 when it was trading at a price of about $15 (post-split adj), thereby missing out on almost $1B of the rocketship move right afterwards.
For me, after riding a Nokia 6-bagger (during the dot-com era) up and down (TWICE!) and ending up selling it for a tax-loss last year, I’ve been selling pieces of NVDA now and then all the way up. The 100 shares would have become 4,000, but after the sales (and a very nice profit), I only own 300 shares now and for me it’s basically a free-roll. I expect to hold it for at least another 3-5 years to truly see where the supposed AI revolution goes. I still think the potential is enormous.
You can see in the chart below between Nov ’21 and Oct ’22, the price fell 63%, 2 years later it was back up another 1,300%. IMHO, the rumors of NVDA’s demise are overblown, BUT.. I COULD be wrong! :-)
NVDA – 12/25/17 – 4.80
NVDA – 11/19/21 – 32.99
NVDA – 10/14/22 – 11.23
NVDA – 06/18/24 – 135.58
NVDA – 09/06/24 – 102.00
NVDA – 11/08/24 – 150.00
—————————-
2016-2017 Q4 FY 2018
2017 Q4 Record quarterly revenue of $2.91 billion, up 34 percent from a year ago. Fiscal 2018, revenue was a record $9.71 billion, up 41 percent from $6.91 billion a year earlier
Earnings per share were a record (0.12/post 40-1 splits),
up 88 percent from (.063/post 40-1 split) a year earlier
—————————————
2023-2024 Q4/Fy 2025
Quarter earnings per diluted share was $0.89 (post-split)
earnings per diluted share was $2.94 (post-split)
Record quarterly revenue of $39.3 billion
Up 12% from Q3 and up 78% from a year ago
Record full-year revenue of $130.5 billion
Up 114% from a year ago
—————————————
To summarize:
In just 8 years, NVDA’s earnings increased from 0.063 for 2016 (FY 2017) to 2.94/share in 2024 (FY 2025) an increase of 4,667%
The revenue rose from 6.91B for 2016 (FY 2017)
to 130.5B for 2024 (FY 2025) just under 1,900%
————————————-
2025 stock price datapoints
NVDA – 01/06/25 – 150.00
NVDA – 02/03/25 – 116.00
NVDA – 03/10/25 – 107.00
NVDA – 04/04/25 – 92.00
NVDA – 04/09/25 – 115.00
NVDA – 04/16/25 – 105.00
Yes been going up. Intel did the same thing conceptually in the 90s where stock would split every 18 months. It hit a wall for many reasons but mostly chips became commodities and they didn’t adjust to mobile devices. Will be interesting how the AI market plays out
Paper rich vs actual gains.
Id rather lose possible profit than actually lose cash for holding too long. So many people don’t remember history.
Friends father at one point had 25M in Cisco stock. Rode that all the way down to 1m according to his telling it.
Stonks only go up diamond hands…..
I once owned 8000 shares of WorldCom. At one point in 2000 or 2001 they were worth exactly the purchase price of a Ferrari 360, about $150k.
Traded them for a hot dog and a Coke and many years of capital losses at the end.
Anyone who doesn’t believe their investment in stocks or internet coins or can go to zero has some lessons to learn.
If you read it, you’ll see, I said I sold almost all of it on the way up for a bunch of profit still holding on 300 shares as a free roll
Past performance is no guarantee of future returns.
I also had lot of NVDA but sold almost all at around 150s/140s/130s.
I am now buying the dip gradually.
One can never lose money in stock market if they buy low and sell high. People lose money only for 2 reasons: Greed and Fear.
MW: The Federal Reserve can wait and see before mulling any interest-rate moves — at least for now, Powell says
Me thinks the highest gain Nvidia can incur would be for Marjorie Traitor Queen to buy. She just bought some $130,000+ worth of Apple, the company she despises for their China products. Trump’s announcement to buy Stocks, and reducing his tariffs on Chinese Electronics followed just hours later. The lady has a crystal ball……and yes, her quarterly finance statement hasn’t been published yet, she has admitted to it.