This tech rally will continue for 'the rest of your life,' says Creative Planning's Peter Mallouk

Peter Mallouk, Creative Planning president and CEO, joins 'Closing Bell' to discuss the list of names within tech he doesn't like, why investors may come to regret owning Nvidia, and more.

[@christeng142]

Been beating myself up a bit that I sold my 53 shares of NVDA at $303 each back in May 2023. Now thinking of liquidating a few other investments to rebuy but afraid to do so. I also currently have 450k in savings.

[@patrickjones1392]

Everyone needs a Margin of Safety in their portfolios and just remember, It's time in the market versus timing the market.

[@richarddamien4654]

Certain Ai companies are rumoured to be overvalued and might cause a market correction, i think it’s best you reach out to a proper fiduciary for guidance

[@clementdan9417]

@chris I suggest you De-risk your portfolios, shore up your core holdings, and take some profits while balancing your portfolio allocations. I’d also suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I. We've made over 80% capital growth minus dividends.

[@christeng142]

where do I find a fiduciary, can you recommend any?

[@clementdan9417]

Monica Mary Strigle’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@RickWatson-xu6gw]

I’ve been saving for a long time instead of investing into this tech rally since it could last this long and right now I only have about $516k. I'm not sure how to make it grow into something substantial that I might use for retirement. I'm just here for ideas

[@Debbie.Burton]

While the stock market is promising, expert guidance is essential for effective portfolio management

[@benitabussell5053]

Like everyone else, the only possible problem you might have is a FOMO. The correct strategy is essential; my port-folio has grown by 100% since the beginning of the year and is suitable for every market phase. Working toward a seven-figure ballpark target with my CFP might take us until Q3 of this year.

[@judynewsom1902]

That's impressive ! I could really use the expertise of these advisors.

[@benitabussell5053]

*Natalie Marie Gentry* is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@EverlyndPerez]

Thanks for the lead

[@David-abshire]

This year 2024,don't set your financial goals without consulting a financial adviser.there expertise ensure a solid plan for success.Building wealth involves developing good habits like regular putting money away in intervals for solid investments.

[@AmeliaBenjamin-zx8ys]

Thanks for the advice! I'm new to financial planning and wasn't sure where to start.Any tips on finding a reliable financial adviser or resource to guide beginners?

[@Bennythompson940]

You're right, based on personal experience working with an investment advisor, I currently have over $500k in a well-diversified portfolio, that has experienced exponential growth. It is not only about having money to invest in stocks but also you need to be knowledgeable, persistent, and have strong hands to back it up.

[@NasirMangal-oq9br]

​@@Bennythompson940How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?

[@Bennythompson940]

​@@NasirMangal-oq9brMarie Ann Treloar She’s the license coach I use.

[@Bennythompson940]

Look her up on Google you will find the necessary information and also her web page to make a contact and schedule an appointment with her

[@takpang8795]

I would be the first one to get out of his fund.

[@Dr.Weed8]

Haha I know he just puts your money in an index fund? Why would people pay for that?

[@keegankirk8848]

Because most people think the stock market is scary and they can't trade/invest on there own.

[@ddjjggdd]

2:33 Apple has no competitors and NVIDIA does? If anything, it's the other way around. In what year is this guy living in lol

[@jeremyrowe8224]

Yeah his comments make no sense. Apple products aren't superior really in any way outside 'brand'. NVDA products are CLEARLY superior to all others for AI and gaming. NVDA products have gotten MORE lead over time too, not less.

[@kangkim150]

@@jeremyrowe8224 AI chips are nothing special. There is no moat there.

[@Dovie1124]

@@kangkim150really? Have you actually spent more than one second studying it?

[@claypool7897]

@@kangkim150 the moat is the software

[@rahhjur]

@@kangkim150 Then please explain why Nvidia has higher market share than Google Android while maintaining a higher profit margin than Apples iphones.

[@kamenidriss]

Doesn't have a moat? has this analyst even heard of this thing called CUDA? unbelievable.

[@devinwynn1299]

Came here to say this.

[@Dovie1124]

Yeah apparently he lives under a rock

[@R4dr1ar]

Dude do you not read the news? There are already new companies funded with 100M to develop alternatives to Cuda, most developers and companies hate the lock-in of Cuda, AMD+Intel+Google+Samsung are developing an open software foundation vs Cuda right now. You really think Big Tech is that stupid? With all their tremendous resources and developers?@@Dovie1124

[@barryallen6927]

When hundreds of companies come out and mention A-eyeeee in their earning call, yes nvdia does not have a moat.

[@tvm73836]

Oracle will compete with NVIDIA??!! Why don’t you get more credible guests on your show, Scott?

[@kimo22211]

When you see him asking for your money simply RUN.

[@R4dr1ar]

The industrial revolution lasted pretty long, so he could be right@@micro-organism-pv5gd

[@Agent77X]

This guy is not a tech guy! Apple is has been company! His company only invests in ETFs.

[@avatarman8061]

Lost all his credibility when he lumped Dell with NVIDIA and AMD as competitors. What?

[@noeloleary3157]

He's def. the dumbest guy i'v ever heard. God help his clients.

[@rahhjur]

lmao especially Dell, like bro... that's their partner.

[@felizh82]

This guy clearly don’t know difference between SW, HW, or Chip company. Oracle compete with Nvidia? It is like Bridgestone compete with BMW😅 doesn’t make any sense at all. No wonder people listen to those CFA and lose tons of money😂

[@TUBEDOUT07]

nvda has software capabilities for the chips that the competition doesn't (CUDA)

[@Bradgilliswhammyman]

Any multi billion dollar AI hardware company can make a AI programming API and a prof programmer will be able to learn it. However, having said that if NVDA can keep their pace of progress up with each AI chip generation no one else will catch up in the foreseeable future.

[@rahhjur]

@@Bradgilliswhammyman Intels been trying many years and has failed to do so. AMD is okay on hardware, but we know they're not competitive at all when it comes to the software stack. Amazon and google have been developing their own in house chips for 7+ years but still spend 10s of billions on Nvidia' chips. WHERE IS THEIR COMPETITION?

[@NathanAtkinson590]

Man said Oracle. This dude knows nothing about how computing works.

[@R4dr1ar]

Still Oracle knows more about it than you do

[@NathanAtkinson590]

@@R4dr1ar Doubt it, I work for TSM. Oracle has no footprint in chip design or manufacturing, they only buy chips from others for their datacenters.

[@keto6789]

NVDA!

[@MrGriff305]

hope the tech rally goes on forever

[@saneb5955]

Although I think NVDA might have some more steam to go, it’s a semiconductor company. Semiconductor companies are cyclical in nature and prone to huge swings. It would be wise in my opinion to trim/take some profits, and certainly a bad idea to hold it as your majority holding. To each their own.

[@user-ef1ng8th5l]

Jensen Huang is already ahead of you.. He lives in the future... always has.

[@R4dr1ar]

The guy is actually damn right, Tesla pulled forward demand and could sell high margin products as a first mover ("their software is so great, next Apple bla bla nonsense) because everybody who wanted an EV basically had to buy Tesla cars - now the tide has turned quickly. Same will be true for Nvidia at some time point and then the stock crashes massively, it's exactly the same story: Demand pulled forward, sky high PEs, CEO shills upcoming products, supply bottleneck - even the charts look similar. Only the PEs differ somewhat but that's because their margins are so excessive, they will come down dramatically with competition and saturated demand and so the true (higher) PEs will be revealed

[@anthonygross1963]

People who feel the need to use the word ‘creative’ to describe themselves usually have zero technical knowledge.

[@reachkrishnaraj]

Wow, he must have done a PhD in accelerated computing. Such wisdom. ufff..

[@Anthony5ist]

Disagree - NVDA has a huge moat. Their software language alone is their long-term moat. Not to mention their gpus took over a decade to create for AI purposes.

[@user-ef1ng8th5l]

Yes !!!! & not lost on me that JHuang (genius visionary) was building a moat around Nvdia a decade ago & probably knew this AI "revolution" was coming... way back even before everyone sold Nvdia at $300 because it was expensive for a gaming chip co.. Even as this AI "revolution" continues he is already in the future .. so if talk around AI slows down he is prepared for next big thing (ex..biotech)

[@dawson0610]

THey want it to come down again to buy in cheaper.

[@tristanw1911]

Skynet approves.

[@HowardRoark1]

Dude mentioned Oracle as a competitor. He knows nothing

[@Psmitty97]

He's probably talking specifically about the data center business. Oracle is actually one of NVDA's biggest customers. Oracle is the data center that Elon Musk is using for Grok. They're using Nvidia H100's. Oracle has a ton of them. They will compete in a round about way with data center services

[@chanistheman]

Ever since AI announcement everyone has been drinking koolaid. peter mallouk u will never get your hairline back to base for rest of your life

[@JinNani224]

He just wants to take your shares

[@syedarmaghanhassan4652]

In the nwxt quarter, when NVIDIA will be 1200$, and till the year end, when NVIDIA WILL cross $2000. This guy is going to take his basket without NVIDIA in it, or just little, and go picnic!😅

[@user-jw5yf5yx9n]

Sell signal ???

[@Demisgold]

It was awful… this guy Scott lost a lot of customers today.

[@stuart8219]

I think it’s funny people think stock can just go up 2,000 percent and not have a pull back

[@albertlergier663]

Jensen Huang !!!!!

[@dreamweaver80]

LOL. Hilarious

[@Syrnyguy]

All head starts are moats but not all moats are head starts

[@and2244rew]

Man, this sounds so bad, given Apple’s antitrust situation. Moat, no competitors? lol

[@MARKXHWANG]

Not really. Only until the rates are cut to 0 and 6 trillion on the side line is gone

[@meetrizzy]

Dude said Nvidia and Alphabet don’t have a moat 😬😬😬

[@syedarmaghanhassan4652]

Somebody please tell this guy the definition of a Moat! Competetors have chips, but not those chips which are the best, by NVIDIA. People like this hav ebeen there for decades, and look what happened to NVIDIA STOCK.. It just keeps going up, and short sellers just keep covering their positions and keep buying back ... they never learn..

[@user-ef1ng8th5l]

I totally agree not to mention Jensen Huang (probably the most brilliant person alive.. saying he was working on a moat around Nvdia a decade ago).Yeah sure a lot of co's will make $$ on chips & are good co's... but they do NOT have him!!!

[@syedarmaghanhassan4652]

@@user-ef1ng8th5l exactly. He gave NVIDIA a MOAT like none other; the Moat of Time... A decade worth of Time.. If this lead is not moat enough, than I dont kmow what the gentleman is talking about. Also, Nvidia will still be selling to china; just not the best but a bit regulated speed chips, which the governement allowed. These Ne Sayers, and they guys talking about Nvidia being 'overvalued', will give their underpants off to buy Nvidia if it announces tomorrow, that it isn't just making GPUs, but will also start making CPU chips! Apple is gonna find a place to hide then, as their M1, M2, M3 Chips are already under scrutiny of being unencrypted or not-safe from the perspective of Cyber security.. To maintian their high-quality Image, guess from whom will Apple be buying these CPU and GPU chips then? Well, of course not Qualcom anymore, but NVIDIA Not to mention, other Tech companies like Meta, Microsoft, Amazon, Googl only have their own chips to diversify the risk of being dependent on NVIDIA a 100%, which is a very good business dtrategy thst I respect..why not.. but they are never going to bw able to replace, avoid, or compete with Nvidia Chips because Nvidia will be making 10 times more advanced chips till then..amd these other tech companies dont qant to compete. They have their own business.. apple, micro, Meta, Amz aren't gonna quite doing their own businesses and start making chips instead. That is non-sense. The just also trying to make some kinda chips to limit or diversify the dependence and risk. They just want to be able to stay in the game. If microsoft starts making better chips than Nvidia, then NVIDIA may also say: "Now I will start selling my Own Operating System, Laptop PCs, Office Suite, and So on.. where will microsoft go then?? So, guys, everyone has their own Strengths, and NVIDIA got its own! ,

[@333bctan]

Very true ! But that's like 30 years 😂😂

[@milandean]

"We're in the middle of an AI Revolution.....Tech rally will continue for the rest of your life..........Nvidia doesn't have moat"????? What in god's name is this man talking about LOL.

[@user-ef1ng8th5l]

WTF knows??? NOT ME!!

[@kjkgood]

this guys a generalizer he really doesn't know what he is talking about

[@aeromotive2]

some valid points. But apple's moat is actually being chipped away at

[@KenjiEspresso]

Apple has an illusion of a moat.

[@Psmitty97]

Apple's moat is their walled garden, but the Department of Justice is coming after that aspect, so we might have seen peak Apple at this point. While still one of the best companies on the planet (especially management), their growth days are likely behind them. The metaverse is still 20 years away, so their Vision Pro isn't the answer. Maybe in 20 years it will be, but that's not here and now@@KenjiEspresso

[@Zeb_Fields]

The Rest Of Our Lives!?!? 😆

[@illegalsmirf]

Stonks only go up BTFD

[@Mountain14406]

Moat....Nvidia has AI, too, building chips. AMD doesn't

[@user-ef1ng8th5l]

AMD is a good co but they DO NOT & NEVER will have Jensen Huang. He may be the biggest genius visionary of our time.. ( i keep saying this but this man lives in the future always has) Not many IF ANY.. have his brilliance & vision.

[@WarriorChampion47]

Sounds like talking about Tesla in early days but who catches up .. catchup for now maybe

[@antoncommissaris4198]

This guy knows nothing about tech.

[@neoiam3585]

Would you trust your money to this guy? 🤔

[@user-ef1ng8th5l]

ABSOLUTELY NOT!!!!

[@barryallen6927]

5 years ago no one could beat tesla, they had no competitor, and they were hundreds of years ahead of their nearest competitor, etc. Where is tesla now? Same thing will happen to nvidia. And retail clowns will never learn. History repeats itself.

[@user-eh5gz7pg7j]

Mind All forms of life have mental capacities, broadly speaking [Dennett, 1997]. They are sensitive to the environment in various ways, and this environmental sensitivity affects their behavior in various ways. Furthermore, the sophistication of these mental capacities seems to correspond to the complexity of those forms of life. So it is natural to ask if there is an interesting connection between life and mind. For example, life and mind would be strikingly unified if Beer [1990, p. 11] is right that “it is adaptive behavior, the - ability to cope with the complex, dynamic, unpredictable world in which we live, that is, in fact, fundamental [to intelligence itself]” (see also [Maturana and Varela, 1987/1992]). Since all forms of life must cope in one way or another with a complex, dynamic, and unpredictable world, perhaps this adaptive flexibility intrinsically connects life and mind. Understanding the ways in which life and mind are connected is one of the basic puzzles about life.

[@tomwillard9066]

He wants cheap Nvidia shares.

[@claypool7897]

not the next apple, yeah its going to far surpass apple

[@user-ef1ng8th5l]

I still love Apple & believe in the co.. that being said i got to agree with you.

[@AbdulSalam-zt2kz]

Ok

[@noeloleary3157]

He does'nt understand NVIDIA. That's his problem.

[@rahhjur]

Apples not even the apple he thinks apple is. Apple's revenue hasn't grown for 3 years and is still trading like a growth stock (trading not far from Nvidia in terms of forward PE). On top of that, they don't even have any potential growth drivers on the horizon. The apple vision pro is what i would liken the Cyber Truck to be, a cool enthusiast product, sure, but it won't move the needle for their earnings or revenue. In addition to that, the car has been canceled and Apples entire service revenue is being threatened by the DOJ and EU. How is Nvidia the overpriced one. Apple would be a great investment if it was $130-150 but until it gets there, Apple is not a great alternative. Nvidia's been a leader in accelerated compute for 20+ years (which is the advantage to where it excels in AI), this is where the whole industry is going from general compute.

[@noelflores4389]

Nonsense

[@MARKXHWANG]

It doesn’t have a moat? lol do your homework

[@saeedrizvi3494]

Top signal

[@rickgraham7641]

Then why hasn't the competition ever caught up in gaming GPUs? Intel has crashed and burned multiple times, other players have gone out of business, and you basically have AMD as a value option that has never shown any ability to compete head to head with Nvidia. Now the competition is going to snap their fingers and compete? AMD is the bing of GPUs. Good luck...

[@jasonzola3590]

Because GPU market isn't that big and isn't that profitable. There is no way the big cloud companies will continue to pay 50% profit margins to NVDA when they can design their own. NVDA doesn't 'build' anything - they are designers. A lot easier to poach some talent than build a factory. And no company has yet shown a compelling and profitable use case for all this capital spending. They can't spend higher forever.

[@felizh82]

⁠@@jasonzola3590you probably don’t know Google has been working on TPU for many years and they are still buying tons of GPU from Nvidia. iPhone didn’t have killer apps a couple years ago after launch and you cannot live without it.

[@buttlebe]

Cnbc is getting super lousy guests recently

[@user-ef1ng8th5l]

I completely disagree.. I have owned Nvdia for many years I remember went it went to $300ish & everyone was selling because after all.. it was only a gaming chip co.. Clearly NOT true.. Jensen Huang is a genius visionary.. He already has Nvdia into the future ... so if/when the AI talk slows down.. He is prepared for the next thing (biotech etc) Thus why i see him as a visionary (altho idk need a reason just listen to him & look what Nvdia is capable of) Yes other co's will do well but they do not & can not have him.. his brilliance. I always saw that & why i bought it so early not because they were making gaming chips!! Also remember reading that he started working on a moat around the co a decade ago yet according to you this is not true????

[@devinwynn1299]

If you give your money to this guy, get a refund. He knows nothing about what he talks about. Cuda, anyone?

[@SuvviSanthosh]

This analyst does not Understand NVIDIA and AI , looks like he has all his chips in Apple

[@alphabusiness3871]

we are in the middle of the revolution ! wht were you doing in the beginning , that started just 6 months ago? why come now and blabber?

[@far1762]

? Ce? Cei, caman😳🙄😬🙄

[@godavis4090]

terrible.

[@buttlebe]

Hes talking nonsense. He doesnt know how long it takes to achieve successful R&D like nvidia. He has no tech knowledge.

[@nickvin7447]

Apple doesn't have real competitors? Holy hell get this guy out of here.

[@rahhjur]

Forreal... Nvidia has higher market share than Apples iphone while also selling at a higher profit margin.

[@R4dr1ar]

They only have real competition for phones in China, so yes, basically true

[@R4dr1ar]

Yes because they did not have to prove themselves against competition, that's not comparable at all and doesn't say really much more than you're the first mover amidst high demnad@@rahhjur

[@rahhjur]

@@R4dr1ar hundreds of graphics companies died in the late 90s and early 2000s. Since then, Google, Amazon, AMD, Intel, along with dozens of startups have been trying to grab the AI accelerator space since the mid 2010s, there's competition that are trying, they just haven't been successful.

[@user-ef1ng8th5l]

Talking about graphic co's imo Adobe is the best in graphics & least covered stock but hey I'm not as intelligent as this guest who ever he is..Just had to say that altho i bought both Adobe & Nvdia many years ago & not lost on me that Nvdia was the better investment...@@rahhjur

[@far1762]

Ce😳🙄?

[@zachscheel3784]

Lol

[@alifnomad3223]

LOL haha

[@albertinsinger7443]

Nvidia is still innovating . So once the competition enters, Nvidia will have a complete game changing chip again. As for Apple. It is no longer innovating so has a real chance of losing its moat to Samsung and others.

[@user-ef1ng8th5l]

I totally agree... Jensen Huang is a genius visionary... He lives in the future..

[@WZ-kg8wx]

Ignorant BS.

[@TheEnlightenedMalignancy]

New normal right 😂

[@Dr.Weed8]

He brings up some good points but I’m still not buying more tech right now. Apple has competitors, and they’re getting hit with a monopoly lawsuit.