NVIDIA is WAY up over the last handful of years. It’s not only up almost 200% in the last year, but it’s up more than 3,000% in the last five years. It’s the third largest company in the US stock market, just a tad behind Apple ($2.9T) and Microsoft ($3.2T).

The craziest part about NVIDIA isn’t even how big it is. But how fast it got there. A decade ago, it was worth $10 billion and it was nowhere close to a being a household name.

Why have they been going up so much? They are the biggest player by far in a super hot market. In short, they make semiconductor chips that are needed for AI technology, self-driving cars, and a lot of other things.

Are we saying NVIDIA is a crazy bubble that’s about to burst any moment? We have no clue. It could keep going up or it could crash. It’s a fool’s game trying to time the market and pick and choose the next winner.

What should you do instead?? The good news is you likely already own NVIDIA since it’s a component of most index funds. The only way to guarantee that you own the next NVIDIA is by OWNING the entire market. Buy index funds.

As always, reminding you to build wealth by following the two PFC rules: 1.) Live below your means and 2.) Invest early and often.‎

-Vivi & Shane

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By: Gabriela Gonzalez
Title: NVIDIA is now bigger than Walmart and Google combined
Sourced From: www.personalfinanceclub.com/nvidia-is-now-bigger-than-walmart-and-google-combined/
Published Date: Tue, 04 Jun 2024 17:32:34 +0000

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