Until the approval comes in for oral wegovy (sometime this quarter). It’s possible their earnings won’t be as bad as expected but I’m not rolling that dice. The longer we don’t hear about the Alzheimer’s trial, the less likely it’s positive IMO
So how long? Who knows.
Bro look at the all time chart for Intel. At its 2000s peak it was also the main company selling "shovels during a gold rush" that got pumped to the sky and then never reached its ATH valuation again after the dotcom crash, not even in the 2010s when they were still the leading CPU company, AMD was a laughingstock and the big techs didn't have their own in-house processors.
It took 20 years of inflation and the Covid stock bubble and dollar devaluation for it to come close to that ATH valuation, and it still wasn't enough to reach it. Intel's P/E ratio at its ATH valuation was around 60, which is close to Nvidia's current ratio.
Are you really willing to just throw the dice blindly like that and have faith that Nvidia won't suffer the same fate?
Immediate gratification/ lazy factor. It's so wild to me to look at the price of an effing salad at Chick-Fil-A .. $14. That would make at least 5 salads for me on my own, including just throwing two chicken breasts on a pan to grill and dice them up.
https://preview.redd.it/lyrh5v8y4byf1.jpeg?width=1320&format=pjpg&auto=webp&s=b4ddb6fb90461c27dd0c3867eecebf2d94b9f7cc
Talk about rolling the dice, cancelled my sell to break even was up $2500 before the big drop. Just checked now it’s up over 8k 🤯