Nvidia investors considering profits should ask themselves three questions

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

David Paul Morris | Bloomberg | fake images

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

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