Market views Nvidia's incremental raises as 'less impressive', says Deepwater's Gene Munster

Deepwater Asset Management's Gene Munster joins 'Fast Money' to talk Nvidia's stock performance and why it saw a big drop today.

[RoblesasByarsas]

I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market Because 35% of my $470k portfolio comprises plummeting stocks that were once revered and I don't know where to go here out of devastation.

[austinbar]

Strong BUY. Still early innings. NVIDIA is the dominant leader in AI and the preferred technology partner globally. Even w new competition on the horizon, NVIDIA is far ahead of the competition. 85% market share. 76% margin. Unrivaled demand for new Blackwell chip. Demand far exceeds production for Blackwell through to 2025 and beyond. No competitor has anything close to Blackwell. And forward P/E is about 33 (cheap for a high growth stock). Buy this stock and wait. You will be rewarded.

[auboisdaline]

AI stocks are set to dominate 2024. I prefer NVIDIA because they're well-positioned for long-term growth and support other AI companies. I know someone who made over 200% with NVIDIA. I'll also consider the other recommendations you made.

[NatalieFormor]

Everyone on WS is expecting big numbers from Nvidia...As 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

[jameswood]

I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.

[MalikTillman-dyqp]

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 strategies will be appreciated.

[kurtKking]

I've been an investor in Nvidia for the past six years now because I strongly believe in the company and in the stock, but now I've been thinking of redistributing my portfolio of about $560k and buy other stocks. and asset classes. Maybe buy Tesla? They are also doing great things in the AI space. Some digital currencies too. What do you think?

[Muller_Andr]

I read that Nvidia provides tech for crypto mining services/blockchain transactions. Could the current crypto pump be attributed to Nvidia’s great earnings and should I hold some crypto as well, cos tbh I’m having FOMO with the current crypto price at 59k.

[loganlasvegas]

Results soooo disappointing. Beat, Beat, Raise, Buyback. Sounds like my asian parents.

[Carrie-el]

I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.

[George-fh]

In my opinion, this is a actually good thing. Now, expectations will be tempered.

[AnabellaMiaa]

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[SwoopENT]

It's not that the markets view NVDA earnings last quarter as less impressive or lackluster. As a matter of fact, the Street all rose price target all across the board. It's the mm and algos that are manipulating the stock putting downward pressure on it to scare retail and risk averse portfolio managers. If anything, the recent numbers should give you more confidence that NVDA has not reached it's ATH and with AI at the start of a boom (no at the peak currently), it will fly to the point when people question it's value.

[gregoryodle]

As Nvda grows into a platform we will see a massive transformation I think.

[kriterium]

short term overhyped, long term under hyped

[gainer]

Plenty of Green in the AI and EV sectors Thursday. Long-term investors enjoying the Dip-buying for larger wealth building gains.

[mikeshawn]

So was TSLA. When a sudden surge happened…

[VeronicaUnderwood-gf]

I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Katherine Stewart.

[alexr]

I have some decent size money coming in, but not in enough time to buy into this deep and eventual rise again, like it usually does. It'll either be bad timing if it does come back or good timing because it fall even further and I won't have lost any money. :)

[Kent]

The intrinsic value of Nvidia shares using Discounted Cash Flow model showed they were being overvalued by the market by about 35% yesterday before the price drop
This is just a market correction and clearly the new financial statements that just released don't show enough improvement to adjust the fact that the stock price is so overvalued
It's why I haven't added Nvidia to my portfolio recently even though they seemed like a good pick based on all the hype and of course being the top performer over 12 months even though there will soon be high additional demand for additional processing power to feed the AI revolution
I personally think AMD would make a good choice, but they only recently started turning a profit and so I'd rather keep my bets on safer choices related to the software side of AI, such as Microsoft and Google, even though their earning potential is somewhat lower