Is It Too Late To Invest In Nvidia? | Pivot

1. KSKara Swisher0:00

   Another story that's really interesting, Scott, I, I noticed NVIDIA stock, they were talking about it here in Aspen, uh, it's been on a roller coaster this week. Shares are headed back up after multiple days of decline, which costs the company its title as the world's most valuable company. N- NVIDIA shares are still up over 160%, uh, since January. Uh, what do you think about this? Um, I, I think a lot of, uh, I think a lot of people thought this was coming. You, you talked about this a lot. Go ahead.

2. SGScott Galloway0:27

   Yeah. But since it's rebounded 7%, it's not, uh, its ups and downs aren't that interesting. What's more interesting-

3. KSKara Swisher0:32

   Mm-hmm.

4. SGScott Galloway0:32

   ... is that when it loses 13% over the course of three days, um, it basically loses the value of Mastercard.

5. KSKara Swisher0:40

   Mm-hmm.

6. SGScott Galloway0:41

   I mean, if you look at the blast zone or ground zero of essentially two trillion dollars in incremental value creation over the last-

7. KSKara Swisher0:48

   Mm-hmm.

8. SGScott Galloway0:48

   ... six or 12 months, the knock-on effects are so dramatic. If this company, this company could go down to 80%, and all of a sudden, the NASDAQ and the S&P wouldn't be keeping pace with inflation. One company is now sort of as goes... I mean, it, uh, it used to be the Magnificent Seven, now it's the magnificent one. It's-

9. KSKara Swisher1:07

   Mm-hmm.

10. SGScott Galloway1:08

    It's the singular samurai, NVIDIA.

11. KSKara Swisher1:09

    Right. Right.

12. SGScott Galloway1:10

    So NVIDIA has now become the tail that's wagging the dog of almost everything, and I'm fascinated-

13. KSKara Swisher1:14

    Mm-hmm.

14. SGScott Galloway1:14

    ... by this thing because people just-

15. KSKara Swisher1:16

    Mm-hmm.

16. SGScott Galloway1:17

    ... can't imagine the kind of value creation here and what it means when it becomes so huge that, uh, in this volatile, it is th- I mean, the NASDAQ is effectively, the tone for the American economy right now-

17. KSKara Swisher1:30

    Mm-hmm.

18. SGScott Galloway1:30

    ... is gonna be directly and indirectly dictated by the volatility of NVIDIA. Even, uh, uh, for example, 30,000 employees, three trillion plus market cap, so you're talking about $100 million per person.

19. KSKara Swisher1:43

    Mm-hmm.

20. SGScott Galloway1:43

    Oh, jeez. Uh, I worked my ass off, got so lucky with L2, sold it for $160 million after executing almost what I felt like was perfectly having just an inc- incredibly lucky, just finally I did something-

21. KSKara Swisher1:56

    Mm-hmm.

22. SGScott Galloway1:56

    ... and I got, uh, all the moons lined up. $160 million, 80 people, so that's $2 million per employee. They've generated somewhere between 100 and $130 million per employee, and I would bet of those 30,000, 10,000 woke up, uh, last week and said, "I'm worth between $10 and $50 million."

23. KSKara Swisher2:17

    Right. Right.

24. SGScott Galloway2:17

    Which, what does that do to San Francisco real estate prices when all of a sudden-

25. KSKara Swisher2:21

    Mm-hmm.

26. SGScott Galloway2:21

    What do you do when you're 29 or 34?

27. KSKara Swisher2:23

    It already is affected, you know that. We, we talked about that-

28. SGScott Galloway2:25

    Is that right? (laughs)

29. KSKara Swisher2:25

    ... luxury housing is way up. Mm-hmm. Uh, uh-

30. SGScott Galloway2:27

    I mean (laughs) .

Episode duration: 4:48