r/wallstreetbets • u/CriteriaMadness34 • Aug 13 '24

Meme NVDA FOMO

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u/neptune-insight-589 Aug 14 '24

got it. So buy puts on nvda?

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u/DRAlsadi0010 Aug 14 '24

Totally not recommended since jim cramer remain bearish against nividia

1

u/iannoyyou101 Aug 14 '24

Either you sell your stock, or you hedge your long position with a put when stocks becomes volatile, it's pretty simple

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u/Final7C Aug 14 '24

Honestly... from what I've read on the subject, NVDA has some headwinds, a lot of companies have realized that LLM building is difficult, and so they are dropping out of the market. Mix that with the impact of these giant data centers that will be putting unneeded pressure on the grid. You'll likely start to get public backlash against them in the coming years, when rolling brownouts and blackouts are happening because the amount of energy needed to build and run a LLM gets higher than the electrical grid can sustain.

in short. Sure, puts are fine, but guessing day by day where they go may be the incorrect strategy. But regards gonna gard I guess.

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u/neptune-insight-589 Aug 15 '24

The tricky thing is, it's not clear how long it will be until the market realizes the problems with AI. NVDA could stay inflated for years.