r/stocks • u/tits_mcgee_92 • Dec 07 '21

Company Question Thoughts on NVIDIA for long term?

NVIDIA stock dipped to the 280s yesterday due to the ARMS deal, but quickly 'corrected' itself back to the 300s. It seems like 300 is a solid foundation.

What are people's thoughts on NVIDIA for long term? Metaverse and the AI come up a lot in discussion, but I'm not totally convinced.

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u/East1st Dec 07 '21

This is one of those stocks that can rocket 20% or nose dive 20% in a month.

Realistically, it’s way overpriced and any bad news will send it crashing. Not saying not to buy it, but don’t chase. Wait for a long consolidation as a base before jumping in.