The Joseph Carlson Show The NVIDIA Bubble Is About To Pop
Jul 8, 2024
The podcast discusses the potential glut in demand for NVIDIA products, insider selling in the company, the current market melt-up, Boeing pleading guilty, and a Paramount merger announcement.
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Nvidia Drives Market Concentration
- Nvidia accounted for roughly one third of S&P 500 gains year-to-date and is up ~160% YTD, creating intense retail attention and recency bias.
- This concentration means Nvidia's performance heavily skews index returns and raises risk from herd behavior.
Question Momentum; Check Fundamentals
- Carlson says he issues bear-case videos to provide a contrarian perspective and protect retail investors from recency-driven mistakes.
- He recommends evaluating fundamentals and timing, not following momentum blindly.
Retail FOMO Example From Reddit
- Joseph cites a Reddit post of someone's dad investing $200,000 in Nvidia to illustrate retail FOMO.
- He uses this example to show how recency bias drives people to pile into the hottest stock.