The pace at which Nvidia is innovating is 'unprecedented,' says Alger's Ankur Crawford

Ankur Crawford, executive vice president and portfolio manager at Alger, joins 'Squawk on the Street' to discuss what investors should do with Nvidia's stock after this week, how to determine where we are in AI's investment cycle, and more.

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I agree that many people are considering NVDA as the "Stock of the year." However, I'm curious about which stocks could potentially become the next META in terms of growth over the next decade. I've allocated $200k for investment, aiming to retire comfortably.

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AI, in my opinion, will be the next big thing. Refraining from making snap decisions based on transient fluctuations is essential for long-term growth similar to META. Put patience and a long-term view first, and if you want to make well-informed purchasing and selling decisions, consult a financial advisor.

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[@lppoqql]

If you think about this rationally. Nvidia is a far more technically competent and innovative company compare to Apple. In my opinion Nvidia is more valuable than Apple. Nvidia is the foundation for the modern AI and gaming industry while Apple only sells over priced phones to fanboys.

[@michelep9477]

🤡

[@syedarmaghanhassan4652]

of course NVIDIA is much more innovative, profitable, fast-growing and paradigm shifting company. It is so much cheaper as compared to other companies. They keep talking about others are going to catch-up and NVIDIA will not be able to stay as strong, as if while others are trying to compete, NVIDIA is not doing even more hardwork and being even more innovative to stay on the top. unbelievable how denying people are and how nonsense they talk. They would keep buying bitcoin(Shi*coin), which has no intrinsic value, but they would not buy NVIDIA, and keep missing on all the gains. Like Peter Lynch said, it is not too late even if the stock has gone up many folds, because who knows, if NVIDIA will become another 100, 1000, or 10,000 bagger. You did not need to invest in Amazon in 1990s. Even if you would have invested in Amazon in year 2015, you would have made 115 times your money by now.. means, within 8 years. so Amazon was 170 bagger first... and even if you invested after that, you would have still got another 115 bagger just in 9 years. Of course NVIDIA can be another 1000 times from here. Ne sayers will not admit, Ignore them, be calm and invest in NVIDIA, keep adding the shares ;)

[@jonanddy]

@@michelep9477 You're the clown if you think he's wrong. He's on point. Apple, Microsoft, IBM - these were all innovative companies, but NVIDIA and OpenAI are without a doubt leading the way today towards an AI dominant future. Apple led the way because of the iPhone. It was revolutionary at the time compared to previous phones that were limited by hardware and software, but they haven't truly innovated since compared to what's happening today. AI is undoubtedly 'the next big thing' just like the PC in the 80's & 90's, internet in the 00's and smartphones in the '10's. And it's not just AI either, it's AI, Blockchain technology and quantum computing.

[@michelep9477]

@@jonanddy I'm afraid that badge of honor applies to you more than anyone else my guy... Nvidia doesn't create a revolutionary product with a cult following like the iphone, macbook etc. It makes extremely overpriced components that it mostly sells to businesses. The businesses are reluctantly buying them because big tech is in a mick measuring contest with ai. Aside from eventually making their own chips, what happens when those same companies have their next generation infrastructure built out?

[@michelep9477]

@@jonanddy also lets not forget that apple makes money off of a bunch of different services it sells worldwide, not just physical products. Nvidia is still a one trick pony yet somehow people think it will surpass even microsoft. pure clownery

[@paulo4371]

They already simulated the future which they are probably 10 years ahead of everyone

[@syedarmaghanhassan4652]

Wow! The lady got brains! This is what we call getting new insights.. A very different perspective on the AI and NVIDIA Theme than the mainstream. A nice different way to look at it...

[@dinosaurdude5668]

NVDA to the moon 🚀🚀🚀

[@cesarordaz139]

To the moon? Nvidia left the solar system this week! 🚀

[@wendy-m8z]

No one should forget that Jensen saw this 15 years ago!!! & he is still into a future that probably no other person on earth can see the guy is a genius & a visionary.. Other semi co's may do well of course but idk think it is possible to surpass .. maybe the smartest (& most humble) man in tech.. I really don't see how they can do it w/o his mind.. his vision. They cannot buy that.

[@jeffrose5622]

Yesterday we heard that Amazon CAN'T make AI chips and today we heard that the new Google chatbox had major technical issues this last weekend. Proof that other M7 companies can NOT make commercialized AI chips & software. It is now common knowledge that no one can compete with NVIDIA. All these talking heads can say is..."But but, but, WHAT IF someone else can invent AI in their garage and compete with NVIDIA?" There is only one company that will lead AI for the next decade and that will be NVIDIA. If you invest in this company and hold it will make you wealthy. All intelligent analysts and investors understand this.

[@martinwegner9802]

2 trillion with 90% marketshare would mean stock prize x10

[@rjo8500]

All aboard! They’re going to pump this all year and into next.

[@3thinking]

The technical moat of Nvidia is deeper than a black hole.

[@paulo4371]

Dang she has done her due diligence on NVDIA because she knows what I my theory that NVDIA has already simulated what the future looks like!

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[@nistalasuresh5837]

ROI point is quite interesting insight .,.Llama literally made a 550% ROI on their GPU investment

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[@winningspeechmoments9141]

I think what she said was very important. Nvidia has changed the speed of innovation. Companies that can't keep up will fall behind. People are scared since the speed is so fast that we can't see how fast it is moving. We are not used to this speed. What changed everything on how fast things are moving was ChatGPT 3.0. It was the iphone moment of AI.

[@Sam-bt4gm]

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[@Anthony-dj4nd]

Nothing but blue skies ahead😎

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[@3thinking]

Invest in the S&P 1. $NVDA

[@user-dl7xv4bo7y]

Aapl missed the boat in the server market.

[@sunnyrobinson2128]

Don’t pull a Cathie Wood Nvidia

[@MohHus-r7o]

It was Tesla in 2020_2021 the hype was amazing and stock went on the sky. Then splits comes now the job of small traders to start buying this is a new trend.

[@jesuisrobert808]

She didn't really answer how she knew what part of the adoption cycle in the TAM except to say, listen to Jensen.

[@toyotahontas9296]

I own well into seven figures worth of NVDA and have no plans to sell.

[@thisguy73]

Ankur to the moon!

[@glennmontague4310]

None of these financial commentators have any idea what they are talking about.

[@Zhao-s1j]

All stocks are too bubbly. Always remember cash is king.

[@jogmas12]

Nvidia could end up being a boondoggle thanks to the geopolitical implications. China is now developing an AI chip from Huawei all thanks to sanctions by the U.S. government. They could very well be self sustaining in the AI chip Market in the coming years and eventually produce a chip cheaper and better than Nvidia that they can market worldwide. As a nvidia investor for the long term I’m concerned. 😟 I’ll have to increased my investment not in nvidia but in BTC for coming future.

[@yasin-ali]

They are hyping Nvidia like crazy. Beware.

[@dgaz3057]

Trust me

[@AbdulSalam-zt2kz]

The best company in the world to invest in is Moderna.

[@super_hero2]

Don't be ridiculous. The ROI can't be 4-7 times, if that is the case, Alphabet, Microsoft stock would skyrocket. Get some real data then talk.

[@Elizabeth-uz7wm]

I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2024

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Since risk is at an all-time high right now, perhaps you should be a little more patient and return when it has decreased. Alternatively, you can consult a trained financial expert for strategy.

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[@Lisa-jy7bk]

I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

[@Helen-tg4tr]

Angela Lynn Schilling is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.

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I searched for her full name online, found her page, and sent an email to schedule a meeting. Hopefully, she responds soon. Thank you

[@kennethseda3119]

You don't know what your talking about, lady. Jensen is a storyteller

[@matthew.m.stevick]

Sara E. ❤️

[@daveyvane9431]

Hubba hubba hubba

[@KT-zx9jr]

Nice lady

[@rtorcato]

Nvidia investors should pray Apple never gets into the server market with their M4 chips

[@3thinking]

🤣

[@ashb001]

NVidia investors think that other Big tech players are just too lazy, stop innovating, and will keep paying $100k per chipset indefinitely. Dream on.

[@michelep9477]

@@ashb001 Their valuation almost makes sense if you think of how insanely they overprice their 💩... As you said, that cannot last

[@matthew.m.stevick]

M4 chips compared to Nvidia new GPUs? Ok 👍🏼

[@tyekins5484]

@@matthew.m.stevickppl just write bs without knowing the fundamentals

[@harry8201]

From experience don’t take advice from someone of or from India. All of my teachers that have been of or from India here in America have been by far the worse of them all.

[@tyekins5484]

U just a clown and bigot. Generalizing ppl in 2024? Cmon