Home Market News Ross Gerber’s Bold Advice: Hold Your Nvidia Stocks Tight Amid Volatility

Ross Gerber’s Bold Advice: Hold Your Nvidia Stocks Tight Amid Volatility

Ross Gerber’s Bold Advice: Hold Your Nvidia Stocks Tight Amid Volatility

The Call to Action: Tesla investor Ross Gerber commends the virtues of embracing Nvidia Corporation’s stockNVDA and fiercely warns against parting ways with the treasury of its shares.

Recent Developments: Gerber was seen on CNBC candidly advocating for the retention of Nvidia shares and highlighting the boundless potential of Artificial Intelligence (AI), underpinned by Nvidia’s expansive footprint in the industry.

The seasoned investor advised investors to navigate the waters with caution as Nvidia consolidates its valuation, urging them to make decisions devoid of emotional influence.

In response to news of an analyst divesting from Nvidia, Gerber was swift to denounce the decision, proclaiming, “No, never do that.” He warned that parting with Nvidia shares could potentially be a life-altering blunder.

Despite Nvidia’s meteoric rise leading to heightened volatility in recent times, Gerber implores investors to maintain a long-term perspective and assess their risk appetite amidst the fluctuations.

Reflecting on Nvidia’s rollercoaster ride where it plummeted by 50% in 2022, Gerber emphasized the resilience inherent in tech stocks. He highlighted the unwavering fundamental value of Nvidia, particularly its indispensable role in the AI domain.

Additional Insights: Not Just Nvidia Or AMD But This Lesser-Known Chip Stock Is Riding The AI Boom, Says Fund Manager

Significance of the Stance: Gerber, a staunch advocate of Nvidia, has previously lauded the company’s outstanding performance, hailing it as the pinnacle of corporate excellence. Despite boasting record earnings and generous returns to investors, Nvidia, in his view, remains grossly undervalued.

His optimism echoes sentiments shared by financial luminary Jeremy James Siegel from Wharton, who foresees Nvidia shares potentially tripling in value, reminiscent of Cisco’s glory days during the dot-com era.

Citadel CEO Ken Griffin has also lent his voice to the chorus of confidence in Nvidia’s trajectory, acknowledging the relentless innovation driving the company’s success. With Nvidia’s GPUs entrenched with an 80% market share, crucial for AI services, the company’s stock has surged, eclipsing broader market benchmarks.

As of the latest trading session, Nvidia’s stock concluded at $906.92, exhibiting a slight dip from the previous close of $908.88. However, Nvidia’s stellar earnings report outshone estimates, boasting an EPS surprise exceeding 11% and revenue surpassing projections by approximately 7%.

For Further Reading: Congressman Buys Nvidia Stock Day Before Earnings, Here’s How Much He’s Made

Image via Shutterstock

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