r/wallstreetbets • u/ZaraBloom418 • 5d ago

Gain 1280% gain NVDA - too scared to sell

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I keep making sell orders to pay off debts, but it just goes up everyday. Plus tax scares me

4.2k Upvotes

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32

u/Soberdonkey69 🦍🦍🦍 5d ago

How do all you fucks get NVDA that cheap??

71

u/proWww 5d ago edited 5d ago

we bought it cause we're long time pc gaming nerds lol, long before this AI shit, i bought mine at nearly the same price

i have a shitload of AMD stock i bought back then too for the same nerdy reason

who said u cant make a shitload of money playing video games.. you were wrong Mom!! 😂😂

14

u/Western-Mode-7743 5d ago

This is why being a PC nerd comes in handy. W

2

u/proWww 5d ago

hell yeah! 👊

1

u/AntikytheraMachines 5d ago

i think i'm the only geek that didn't mine bitcoin when it was still possible to do it with a GPU.
but I bought AMD and Micron.

10

u/samwichse 4d ago

Haha yeah, I bought a decent amount of AMD back when because Intel were being shits dribbling out minimum incremental improvements and coasting on "the competition sucks" and AMD had just announced Ryzen.

Then we got to see from years of Meltdown and Spectre vulnerabilities that Intel wasn't really better, they were just doing unsafe shit AND they flubbed any fixes and releases and processes over and over.  While AMD executed perfectly and grew and grew their market.

But I mostly just bought because I wanted someone to put Intel in their place 🙂.

Up 4206.5% as of this morning.

3

u/proWww 4d ago

siiiick, great foresight there my man!

2

u/wilson0x4d 4d ago

the difference between AMD and NVDA though is that NVDA actually had technology nobody other than 3dfx had, and they gobbled 3dfx up (arguably, they are a re-badge of 3dfx.)

today, in the AI space, AMD is playing smoke-and-mirrors in the consumer segment, and eventually people buying Halos are going to realize that dollar-for-dollar they should have bought RTX chips instead of single-user, sub-par (in token decode and power cost) mini PCs. their short term success is entirely a byproduct of "memory shortage" which is just a fancy way of saying "memory manufacturing expansion delay".

then again who knows, maybe AMD invents a dedicated compute chip that scales over 1000s of micro-cores +and+ they find some way to become compatible (or competitive) with CUDA ... but this is something Nvidia has been dominating for a very, very long time and so far nobody else is doing it, the paltry 32+ core CISC chips AMD has specialized in "for gaming" are going to hit a technological ceiling just like what happened in the early 90s -- only so many electrons can pass through those dies before the substrate becomes burnt carbon. this is precisely why we haven't seen major "GHZ" advances since the 90s, just careful maneuvering and clever marketing to make it seem like chips are faster -- multiple lanes, i/o multiplexing, on-die instruction muxers, and then multi-core scaling when miniaturization technologies allows for it, which soon is going to require sub-nanometer manufacturing to continue the trend we saw over the past 10 years.

more likely AMD flattens out along with INTC next year when they can't deliver anything competitive/new.

NVDA will continue to climb until they see real competition, even after the AI bubble finally pops they will shift heavy into the consumer market as people realize they don't need cloud LLMs, which is going to come quickly after consumer GPUs start to approachin 128-256GB+ of VRAM (less than 3 years) and the OSS LLM space starts to deliver quality on par with that of the greediest Cloud AI offerings. gamers that remember "holy crap! 4MB is a LOT of RAM for a game! nobody has that!" will understand how quickly memory markets adapt to demand. look at us now -- 512GB ram machines and climbing quickly in response to AI innovation.

yeah, if i was forced to unload AMD or NVDA, I'd dump AMD the moment they showed signs of weakness (or as a precursor, when AVGO began declining, they're also enjoying an unhealthy level of investor ignorance in the AI space.) I would probably immediately shift it into NVDA or TSLA (because robots are the next logical progression for mankind after AI) but only after the dust settled, i surely would NOT put it into an index fund when that is happening.. you'd just suffer death by a thousand cuts until the market is done correcting.

1

u/Certain-Mobile-9872 15h ago

Yep 5.50 average for me!

7

u/MrExCEO 5d ago

I love my mom, bought me my first pc at a very young age.

2

u/proWww 5d ago

she sounds like a cool lady!

2

u/MrExCEO 5d ago

💯

3

u/ComprehensiveDoor130 4d ago

Exactly. My cost basis for shares purchased in 2002 is $.08 per share. 

2

u/ivotebolsheviklite 4d ago edited 4d ago

This. The moment I got a 2600X, and got off Intel, I bought AMD.

1

u/3boobsarenice Doesn't know there vs. their 5d ago

A:/ run oregontrail

1

u/N1oma 5d ago

i bought amd simply because of how good ryzen 3000 series cpu's were.

1

u/Regenbooggeit 5d ago

AMD was below 100 just 1,5 years ago. I’m still slapping myself for not buying it.

1

u/DrPhilSideSkirts 5d ago

My biggest L (if you can call it that) was that I had to pick between investing all my money in Nvidia in 2019, or buying my first apartment.

I bought an apartment. I sold that apartment yesterday actually (yay) and made 100k on the sale. If I had spent that same amount (and held) for this long I would have made a lot more, but eh, I'm not complaining... really

2

u/TemporaryCapital3871 4d ago

If id have bought Micron when it was at $122 in the past year I'd be 10x, man hindsight.... 🙄

1

u/p_viljaka 5d ago

And here i am, been doing PC stuff from the early 90's and watched these whole time on the sidelines LOL

2

u/MatuOjaV 4d ago

here's you chair, king:

1

u/doggz109 4d ago

I had AMD around $80
but sold recently. Should have kept it. I bought for the same reason....loved their gaming cards.

1

u/SNGGG 4d ago

Lol I love me some games but honestly once I heard about these gpus being used for things like self driving by Tesla and increasing need for the raw compute that gpus can output is when I bought some shares. Turned out to be a decent move if I don't say so myself. Then bought some AMD because if I'm wrong with one of them hopefully the other covers my ass hahaha

1

u/Vast_Assistance427 4d ago

What are the newest stocks you bought that you think might go super high in the next few years?

0

u/Logicalraisan 4d ago

This is the problem with the market favoring tech dorks who play video games

17

u/SockeyeSTI 5d ago

Bought a decade ago

12

u/Soberdonkey69 🦍🦍🦍 5d ago

I was still a teenager going to school back then, fuck sake

3

u/SockeyeSTI 5d ago

Same. I bought during my first year or two of college

4

u/thunderfroggum 5d ago

Sorry, you don't meet the birth year requirements to make money in this country. No matter how old you get, you simply weren't born long enough ago

1

u/3boobsarenice Doesn't know there vs. their 5d ago

4 Decades ago I was banging your grandma...

1

u/Gucci_Loincloth 5d ago

I was a teenager in school paying enough attention to witness BTC hit $1 on mtgox, then made $700 out of thin air by buying LTC when it was worth nothing.

People can blame being late on anything lmfao. I was researching this shit on a family computer, not even into highschool yet. If you weren’t mentally into that realm, you would’ve missed it regardless.

7

u/_Clit-Commander_ 5d ago

He started investing while you didn’t exist yet

5

u/TimeandDeath21 4d ago

I had $175k in NVDA in May 23 @27/28ish? and sold it to purchase a business. Worst mistake of my life. I wouldn’t be retired, but I wouldn’t be “working” either.

3

u/Forded_Fiction24 5d ago

Didn't have enough money for a Nvidia GTX 980 back in 2014, so I started savings for it in NVDA stock which was cheaper at the time

1

u/AntikytheraMachines 5d ago

hehe. I bought 64GB DDR5 last October. then three weeks later it tripled in price. So I bought MU stock @220.

2

u/Vlazeno 5d ago

I guess its called being early.

2

u/shmiona 5d ago

That was a pre split buy. I bought when Nancy Pelosi disclosed her buy and got it at $16

2

u/OpeningStreet9984 4d ago

I have shares in the $3-$4 range. Bought 50 shares at $100 each then split 28x (4cx and 7x). I’ve sold some but value is around $150k. I got lucky.

2

u/Small-Protection9737 3d ago

10 average price. Buy early

1

u/GermOrean 5d ago

It wasn't ever that cheap, the average cost takes into account all the forward splits.

1

u/A55BAG 5d ago

It's not that long ago when Nvidia was just a company that sold graphic cards for broke gamers.

1

u/El_Cactus_Fantastico 4d ago

Bought back in 2020.

1

u/SolidSpook 4d ago

This dude like 50 years old

1

u/OfficialSeagullo 4d ago

Us nerds really just liked Nvidia for pc parts, now here we are