Nvidia will continue to experience many corrections along the way, says Alger CEO

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Alger CEO Dan Chung joins 'Closing Bell' to discuss Nvidia, the tech run, and valuations. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/42d859g
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Опубликовано:

29 сен 2024

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Комментарии : 119

@BaileyJames-zv2ddd 3 месяца назад

This video indicates you don't need a high IQ to be a good investor, just 2 qualities, self discipline and a lot of patience. Investing is mostly about behavioral psychology. How can I generate more income to retire with at least $3m for long term care?

@AlexClarkcompany 3 месяца назад

investors like you should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder.

@OscarOwenn 3 месяца назад

It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $45k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.

@BaileyJames-zv2ddd 3 месяца назад

I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help

@OscarOwenn 3 месяца назад

I've experimented with a few over the past years, but I've stuck with the popularly 'Leah Foster Alderman' for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.

@BaileyJames-zv2ddd 3 месяца назад

Wow, her track record looks really good from what I found online. I'll take a chance and see how it goes. Thanks for the info

@ronking919 3 месяца назад

How is it that investors were willing to pay +$1,200/share but not $120?

@George-f8h 3 месяца назад

Herd menality. Nothing has changed since the last earnings report. However, I do think Jensen Huang selling off $120 million worth of stocks has some people spooked.

@calvinj5639 3 месяца назад

You're overestimating retail buying power. It was the big boys buying at those prices and their quants knowing how momentum works driving the stock further and further. I'm sure there were plenty of retail buying the bag at $140. Now the big boys are taking profits to repeat it again when NVDA reports in August. Trend is your friend

@MohHus-r7o 3 месяца назад

Absolutely right. The strtagy works for them the big Boys. If stock goes down from 120 to 18. It's 40$ down imagine how big profit they have made out of retail traders. The same they did with Apple and Tesla. Do not buy now NVIDIA. Unitl it comes down to 80

@adambods 3 месяца назад

This really went over everyones head 😂

@GTTg-kr2xh 3 месяца назад

@@George-f8h Huang 's sell of his recently vested performance-based stock was actually quite small compared to the number of shares that he owns (and quite normal compared to his fellow tech CEOs). I know some are buying and selling the ebbs and flows (ups and downs), but that to me is a day trade mentality. Me - I take more of an ownership view and going to hold for the ride for at least five years. I am diversified enough (I like to think) and will work to avoid the transactional cost that eat into gains by exiting and re-entering the position. Intel and AMD had similar volatility and I am very thankful for the pullback. It needed a correction or else it was headed into bubble territory.

@M1dKnight1am 3 месяца назад

Please go to 100$ so i can buy more!

@DSharpe-bo4us 3 месяца назад

Go to 100 so people who did due dilligence suffer? Quit waiting its not going to 100 again lol.

@richardsingh6804 3 месяца назад

CNBC loves to talk down NVDA when there’s profit taking or consolidation. Today is back up 6%. CNBC…no comments

@drewyoung2102 3 месяца назад

Just do rolling increments on sell stops and go fishing. Its just first world problems.

@15Jin15 3 месяца назад

First experience losing a lot of money in options, learning experience

@ericjohnson829 3 месяца назад

That's why you don't buy short dated options, stick with deep in the ITM leap calls at least 6 months to 1 or 2 years out with a delta of .80 or better

@15Jin15 3 месяца назад

@@ericjohnson829 thanks, will consider this next time.

@simrans3675 3 месяца назад

You should try crypto if you want to feel *something* ;DDD

@frankstudent 3 месяца назад

Improve your entries and exits. The stock had such a run-up for the last several months. It was overdue for a correction.

@15Jin15 3 месяца назад

@@simrans3675 Hard pass, but thanks 🙏

@aguyinavan6087 3 месяца назад

losing 300 billion in market cap in 3 days is brutal.

@Rolex45863 3 месяца назад

It’s will goes more down

@LiberatedMind1 3 месяца назад

There is no "cap", all a delusion.

@h.m.8589 3 месяца назад

On the other end though, they gained $2 trillion in market cap in about a year and before that +$500B in less than 2 years. To NVDA, they are overflowing with so much cash reserves compared to any other company, they can't even spend it fast enough to expand. I think other companies would freak out or collapse, but to NVDA will just probably shrug it off. They've dropped 20% in a bear run not too long ago and returned so massively strong after earnings reports. Next report is due soon in August I believe and I am pretty sure they will gain all that $300billion back quickly if not more. We are in a new world of ultra mega caps that is entirely insane at the moment. Exciting stuff to be honest.

@aguyinavan6087 3 месяца назад

@@Rolex45863 will it?

@anjanapandey1943 3 месяца назад

false prediction

@Vivienedouglass 3 месяца назад

There is no doubt about that, and I concur that many people are considering NVDA as the "Stock of the year." However, I'm curious about which stocks could potentially become the next META in terms of growth over the next decade. I've allocated $200k for investment, looking for companies to make additions to boost performance.

@AmithKaury 3 месяца назад

I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective consider financial advisory for informed buying and selling decisions.

@MickyGlover 3 месяца назад

A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

@Kaustavpatell 3 месяца назад

Glad to have stumbled on this comment, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?

@MickyGlover 3 месяца назад

Her name is ‘MICHELE KATHERINE SINGH’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

@Kaustavpatell 3 месяца назад

Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks

@ericmendels 3 месяца назад

I've been an investor in Apple because I strongly believe in the company. I've always believed in the stock, but now I don't know whether to re-distribute my $70k portfolio and put some money in Nvidia, especially now that we are experiencing a market correction.

@cloudyblaze7916 3 месяца назад

Both stocks have a long term potential. The most important thing is the ratio of the distribution based on the financials of each company. There are many other companies that are also doing well. You could just hire a financial advisor to guide you.

@albacus2400BC 3 месяца назад

I agree. A financial advisor really does help me do the distribution even between different asset classes. I don't even understand technical financial terms much. I just know I make really good profit, and I don't have to stress myself a lot.

@mohican-jx6fx 3 месяца назад

I've got similar problems and I have also considered using an FA but I don't know how to go about it. Please, what are the steps for getting one? Like a really good one.

@albacus2400BC 3 месяца назад

*Sharon Lynne Hart* is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.

@FeelMyTruth 3 месяца назад

Thank you for the recommendation. I'll send her an email, and I hope I'm able to make something out of it.

@BarryKeys-o6p 3 месяца назад

Why I prefer NVIDIA is that they are better placed to maintain long term growth potential, and provide a platform for other AI companies. I know someone who has made more than 200% from NVIDIA.

@Carlos-1500 3 месяца назад

Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.

@AlejandroDiego-g9m 3 месяца назад

Yes. It is very easy to buy in on trending stocks but the problem is knowing when to sell or hold, which is why a coach is important. I've been in touch with one for about a year now and although I was initially skeptical about it, I will say I've made more progress within a year generating 6figure profit

@HarryArnold-tq8sx 3 месяца назад

How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.

@AlejandroDiego-g9m 3 месяца назад

Svetlana Sarkisian Chowdhury is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

@shukriAmad 3 месяца назад

Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.

@greekmom 3 месяца назад

I bought NVDA at $126, and its surge has grown my portfolio to $260k, but I'm worried about a correction and wonder when to exit. Market highs can lead to corrections, but timing them is difficult. This is making me consider adjusting my portfolio or exploring defensive investments.

@Richmind-ir5zi 3 месяца назад

Well all i know is that you cannot go wrong taking profit at near high. No one ever went broke taking a ~20% profit. It's best if you consult with a fiduciary advisor in situations like this so you can make informed decisions.

@Mitch10bands 3 месяца назад

I was also in a similar position few years ago, i took profit and it went even higher. Upon realizing that a change was necessary, I consulted a fiduciary advisor and since then my portfolio has averaged returns of 28% annually through restructuring and diversification.

@Marianela-r3v 3 месяца назад

I'm glad I stumbled across this discussion. If you don't mind, could you tell me how to reach this financial adviser?

@Mitch10bands 3 месяца назад

I'm cautious about giving specific recommendations since everyone's situation varies, but I've worked with "Kristin Amber Landis" for years and highly recommend her. See if she meets your criteria.

@Marianela-r3v 3 месяца назад

Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.

@Stevierockie 3 месяца назад

Have you observed the movement in Nvidia's stock this year?

@SantosCliff 3 месяца назад

Indeed, it's been remarkable. I've heard Desiree Ruth Hoffman foresaw this at the outset of the year.

@ParkerRoyce-ni5pw 3 месяца назад

Is that so? What insights led Desiree Ruth Hoffman to make such a prediction?

@pengily_emi 3 месяца назад

Desiree Ruth Hoffman possesses a profound comprehension of market dynamics and technological trends. Her foresight is quite remarkable.

@Stephenrogzyyy 3 месяца назад

Impressive. I should certainly consider consulting Desiree Ruth Hoffman's predictions before making any investment moves.

@vpham033 3 месяца назад

With the way stocks are going, I’m sure NVDA will fall a bit but eventually climb way way WAY higher afterwards

@Peterl4290 3 месяца назад

I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks will be appreciated.

@Mrshuster 3 месяца назад

Palantir, ARM and Nvidia are all still good buy, but what do I know I’m not a financial advisor lol

@larrypaul-cw9nk 3 месяца назад

Exactly, I used to undermine the efficiency of a financial advisor until my wife company assigned her an investment adviser back in 2020 and tbh, it’s been the best financial decision I’ve made.

@sabastinenoah 3 месяца назад

I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advisor? I'll be happy to use some help.

@larrypaul-cw9nk 3 месяца назад

Annette Christine Conte is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

@sabastinenoah 3 месяца назад

I find this informative, curiously explored her on the web, spotted her consulting page, and was able to schedule a call session with her, she shows quite a great deal of expertise from her resume.. very much appreciated

@keto6789 3 месяца назад

These bears are just trying to talk the stock down so they can buy more cheaper plus make money from their shorts

@LiberatedMind1 3 месяца назад

Yeah keep smoking the good stuff.

@mehtacotute 3 месяца назад

You're right. This company should keep going until it's 100% of global stock market value.

@keto6789 3 месяца назад

@@mehtacotute it will

@matthew.m.stevick 3 месяца назад

It’s normal don’t freak out

@99cya 3 месяца назад

No reason to blame some trimming but dont whine when it goes up again. It might happen quite quickly. Reminder: the biggest gains in a stock happen only on very few occasions in a year. Impossible to time. So for me its always: dont time the market, time in the market wins.

@MattRodriguez-h7j 3 месяца назад

Sold @ 140. Bought it back today

@dgaz3057 3 месяца назад

I didn't sell enough but buying more now

@beeznuts22 3 месяца назад

yea right no way you could have predicted that

@California_life_0321 3 месяца назад

isn't it too early to buy it back again?

@libaccount123 3 месяца назад

@@California_life_0321 yep, this beast could hit 90 b4 a bounce

@scmah174 3 месяца назад

You timed it perfectly😅

@SaeedAlsomali-u3n 3 месяца назад

Hummus Grill Fresh, Healthy Mediterranean restaurant. Offering Shawarma, Falafel, Pita, Hummus, Salads and much more. Come enjoy the best combination of healthy

@earlwilliams5473 3 месяца назад

I'm setting it and forgetting it. I'm not selling!

@mehtacotute 3 месяца назад

AI buys stock. So it buys itself. Give in to your robot overlords.

@SaeedAlsomali-u3n 3 месяца назад

Don't be silly! You're amazing and anyone would be lucky to have you. Don't sell yourself short."

@markg.8043 3 месяца назад

"you can't do AI without NVIDIA" pull backs are buying opportunities.

@weirdshibainu 3 месяца назад

The simple question for me is....What will it take for Nvidia to be a 3.5 to 4 trillion company? I did a short term trade and will watch to find out.

@SaeedAlsomali-u3n 3 месяца назад

Dumb people don't see opportunities 😅

@MohHus-r7o 3 месяца назад

Why S&P didn't go down as its goes up when Nvidia goes up at least 1%?

@fullstackcrackerjack 3 месяца назад

Other Mag7 companies pushing it up counteracts the dip.

@sunshinewalker6074 3 месяца назад

People taking some profits. It drops goes back up and so on.

@KevinFrett 3 месяца назад

Let’s bring on the bears lol

@RPWay 3 месяца назад

Of course it’s correcting. There was a frenzy right after the split.

@jeffrose5622 3 месяца назад

cnbc has the absolute worst hosts. Dude is a complete DF.

@johnpalma7265 3 месяца назад

@jeffrose5622: They're not all bad.

@LiberatedMind1 3 месяца назад

Guest is a moron too, so go figure.

@mehtacotute 3 месяца назад

Should be about 50% off top to be fair value.

@kokwahtan8577 3 месяца назад

Just keep it in a secret drawer. Open it in 10 yrs.

@thebrowndoecorporation5564 3 месяца назад

Thank you for the discount on nvda.

@far1762 3 месяца назад

🙄😳🤔?

@far1762 3 месяца назад

👁️🤔

@abgzulkifli 3 месяца назад

Tech, hah the tech

@simpiwemaqwara2184 3 месяца назад

It's time for correction, be ready to buy

@CyrusOliverLee 3 месяца назад

"no"

@fernendo4 3 месяца назад

Ceo wouldn’t sell if it wasn’t unreasonable. Not like he needs the money.

@missourimanful 3 месяца назад

@fernendo4 Did you realize the CEO owns over $850 million SHARES of NVDA? He sold a total of $95 million dollars worth. You do the math. I totally disagree he thinks it’s unreasonable.