CNBC's "Fast Money" Nvidia & Walmart Trading At Record Highs, And Trump’s Admin Taking Shape 11/19/24
Nov 19, 2024
Nvidia and Walmart are hitting record highs, with Walmart boosting its sales forecast and traders considering their potential upsides. The podcast dives into challenges in the semiconductor industry and recent advancements in space innovation with SpaceX. It explores the implications of President-elect Trump's cabinet appointments on market sectors like biotech and pharmaceuticals. Additionally, it discusses the dynamic retail landscape, focusing on Walmart's success amid evolving consumer behaviors.
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Nvidia's Record Highs
- Nvidia is nearing record highs, with shares up 17% since its last report.
- Wall Street expects more gains, raising price targets and estimates before tomorrow's earnings.
Advice on Nvidia
- Hold Nvidia stock; it doesn't need a 10% rally, just maintain current levels.
- Consider the multiple, growth until the end of 2026, and production issues when evaluating.
Nvidia's Challenges
- Nvidia’s top clients are making their own chips, causing delays.
- There are headwinds like Blackwell chip overheating and delays, but they still hold 85% market share.