Wall Street Legend Stanley Druckenmiller: “Nvidia Is in Nosebleed Territory”

Feb 14, 2024
wall-street-legend-stanley-druckenmiller:-“nvidia-is-in-nosebleed-territory”

Nvidia (NASDAQ: NVDA) has been the hottest stock on the market over the past 18 months, and for good reason. The company is growing like crazy and smashing estimates quarter after quarter.

But some of the biggest Nvidia investors think this is a bubble and they’re fine riding that bubble until it stops inflating. That’s a warning for investors who don’t have the same short-term mindset.

*Stock prices used were end-of-day prices of Feb. 10, 2024. The video was published on Feb. 12, 2024.

Should you invest $1,000 in Nvidia right now?

Before you buy stock in Nvidia, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Nvidia wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.

See the 10 stocks

*Stock Advisor returns as of February 12, 2024

Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool’s board of directors. Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Meta Platforms, Microsoft, and Nvidia. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Wall Street Legend Stanley Druckenmiller: “Nvidia Is in Nosebleed Territory” was originally published by The Motley Fool

Leave a comment