NVDA - Fast Money started this idea.

syswizard

syswizard

It's gone parabolic...partially because of speculation of the expected demand for autonomous driving cars and the need for it's chips to support this market.

However, look at the chart.....it's gone crazy lately.
Puts anyone ? 70's ?

chart.ashx
 
I haven't been following this stock, but from a technology perspective...I buy the hype . Machine learning often requires GPUs, and specifically GPUs that can run CUDA, and that means NVDA GPUs. I don't think there is much dev going on with the CUDA alternative OpenCL (I could be wrong). If machine learning as we know it is going to drive a tech revolution....I think NVDA is a good long term play. The latest gen of NVDA GPUs also are supposed to have great VR support.... future looks good

I'm waiting for a good dip to buy
 
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Yeah, I've been watching Nvidia lately...

I think they're (going to be) market leader in chips for auto-driving? Quite interesting. They are competing with MobilEye on this as well I think, but MBLY multiples are way higher than NVDA... so maybe NVDA isn't that expensive at this price..

36 bln market cap for a company at the frontline of autonomous driving, and they have other business units as well...

I could see Apple buying this anytime soon...
 
NVDA is soo much broader than self driving cars, and I don't even think that's the biggest market in the next 10 years. Cars are expensive....self driving cars aren't going to outpace VR chips, personal computers, home automation, or technical computing. Self driving cars will eventually happen...but the CNBC hype is over blown. ( Full disclosure, I design self driving things for a living...)
 
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