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Re: scottyb post# 8170

Friday, 03/08/2024 7:23:05 AM

Friday, March 08, 2024 7:23:05 AM

Post# of 11946
1200 before earnings looks to be achievable at this point. Yes it's very long overdue for a pullback, but when a company has a monopoly on the most desired product on the market, much like Tesla once did, many that shorted it were burned horribly. The parabolic climb isn't as crazy as one might assume from where it is on growth. Roughly 3%-5% daily. It's only susceptible to broad market shifts, as the next closest competitor is over a year behind in development.

Until AMD or if you'd believe Intel... heh... can overtake it's product share, this pricing isn't as ridiculous as many believe. It's still undervalue. Pre split, Tesla still has a PPS higher than Nvidia. Think on that for a long moment. Trending culture: it was EV with AI at the tailwind of it with FSD and OpenAI, but given Musk's mess in that, when EV achieved it's goals and is very commonplace now, AI was the next obvious step in innovation. Culture focus shifted. The entire investment pool shifted with it. This is the culmination of everyone chasing after the next life-changing product. It's no different than singer with mass production of sewing machines, ford's assembly line, or Microsoft in normalizing computers faster than Apple. Microsoft actually got forced to turn over intellectual property to Apple to reduce it's monopoly on that market. I still remember that hearing in congress in the early 2000s.

This is just history repeating itself. Buy the dip if it does dip. This trend isn't stopping until: earnings suck, AMD ramps up exposure, or the showing Mar 18th flops. External factors will draw it back, but nothing else at this point can cripple this run.
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