Former Wall Street trader on whether or not Nvidia can continue its momentum in 2025.
Transcript:
CONWAY GITTENS: So you’ve brought up NVIDIA, so tell me, we’ve seen NVIDIA skyrocket this year. It stumbled a bit late in the summer. Also Palantir, it was like all those stocks kind of did the same thing then. It’s recovered now. It’s pretty much at all time highs. NVIDIA do you expect another year of explosive growth for NVIDIA stock?
STEPHEN GUILFOYLE: I’d love to let you know after November 20, when they report, but I am still long the name. I am a little concerned that the chart may be forming something of a double top that just never stopped them before. It’s just something I have to keep an eye on and probably I would rather they consolidate just a little bit to short, consolidate just a little bit going into that report in about a month time. But because if it doesn’t, then it’ll be setting itself up for some disappointment right here at this price.
I think with Jensen Huang working his magic during the call like he usually does, I think they’ll be able to set themselves up. From what we’re hearing. Blackwell is sales are going fine. Demand is through the roof. It’s not all just hype. I don’t think so because they’ve knocked the cover off the ball now for, what, five or six quarters in a row. So I don’t doubt NVIDIA going into next quarter. This quarter. I just don’t I just wonder how far we can go with this before margins at least contract.
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