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Take profits or let it ride — undecided Nvidia investors should ask themselves 3 questions

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Take profits or let it ride — undecided Nvidia investors should ask themselves 3 questions

Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Tuesday, March 19, 2024. 

David Paul Morris | Bloomberg | Getty Images

Discipline trumps conviction. Those are perhaps the three most important words for Nvidia shareholders who are sitting on a grand slam.

After more than tripling last year and more than doubling again so far in 2024, to say Nvidia and CEO Jensen Huang have been on a roll would be the understatement of the century. Riding the artificial intelligence wave sweeping Wall Street, the chip giant on Tuesday was knocking on the door of a $3 trillion market cap. Since its close on May 22, Nvidia’s three-session post-earnings winning streak added more than $500 billion in stock market value. That number is mindboggling when considering that it’s nearly $100 billion bigger than the entire combined market cap of rivals Advanced Micro Devices and Intel.

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