Now tell me, was it a good idea to sell Nvidia $NVDA stock? 😄
Analysts at investment bank Citi predict Nvidia will gain a dominant 90% share of the AI chip market by 2025. This estimate is based on the expected growth of the AI chip market from $12 billion in 2022 to $120 billion in 2025.
And besides, Goldman today raised the target to $495 per share from the previous $440.
I made almost 100% and that's good enough for me... I'm not planning on playing with fire any more :D
Well, if one sold it at a profit and based on one's own research and analysis, then yes it was the right decision.
Does it say how and where all these chips are made? If it's even remotely possible, which I doubt quite a bit, all the Nvidia orders will go to TSMC and you can choose to pay a FWD P/E of 40 or 15.