Why NVIDIA Will Crash 70%, Bring Down Market; ‘I’m 6 Months Early’ Says Gareth Soloway

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Published 2024-07-01
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Gareth Soloway, Chief Market Strategist of Verified Investing (verifiedinvesting.com/), updates his outlook for NVIDIA, tech stocks, the economy, the dollar, Bitcoin, and gold.

Gareth's last interview with me in May:    • Stocks Topping Soon, Recession By Sep...  

*This video was recorded on July 1, 2024

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*This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates.

0:00 - Intro
1:10 - Massive divergence
6:13 - NVIDIA
11:20 - Macroeconomic update
21:50 - Market positioning
24:46 - Currencies
25:55 - Bitcoin
28:55 - NASDAQ 100
32:13 - Gold
33:20 - Dollar Index
34:55 - "I'm 6-8 months early"

#stocks #trading #nvidia

All Comments (21)
  • I retired with $300k, thinking it would be enough. But each withdrawal made it tougher for my savings to grow through compounding. I'm exploring stock picking, hoping it will help make up for the shortfall, while being cautious of speculative stock
  • I keep telling both friends and family; Now is the perfect time to own a Tech Stock, With everything going on and seeing how the world is been run by AI and all Tech is here to stay and you don’t want to miss it
  • @SteveDutton-v
    BUY with confidence. It's still early in the game. Globally, NVIDIA is the favored technology partner and the clear leader in AI. NVIDIA is far ahead of the competition even with new competitors on the horizon. 85% of the market. 76% to the margin. Unmatched interest in the latest Blackwell chip. For Blackwell, demand is significantly higher than supply until 2025 and beyond. There is nothing comparable to Blackwell among rivals. Additionally, the forward P/E is at 33, which is inexpensive for a business with strong growth. Purchase this stock, then bide your time. You'll receive compensation.
  • @JefferyDuns
    I recently sold some of my Nvidia stocks to secure profits, but I'm retaining a portion for the long term, its growth potential is robust. I'm also considering diversifying my $400K stock portfolio, but I'm uncertain about managing risks in my next move.
  • The idea of investing a significant sum of money may be both thrilling and intimidating. There is potential for considerable wealth increase with the correct strategy. How can one take advantage of compound interest and potentially grow your retirement savings to about $1M over time?
  • I had problem comprehending trading in general. I tried watching other YouTube trading channels, but they made the concepts more complicated. I was almost giving up until when i discovered content and explain everything in detail. The videos are easy to follow
  • @jjbeatz5025
    lol he called for a $9k bitcoin in 2022. He shorted Bitcoin at $25k in 2023 , Bitcoin rocketed to $73k. And in October of 2022 he was claiming stocks wouldn’t hit a new all time high for “10 years” ,literally 18 months later every stock hit a new ath and are still hitting new highs. He got lucky calling for a $20k Bitcoin back in 2021 when Bitcoin hit $69k at the top , and he’s been milking that call for years now.
  • @chrisfehr1513
    Whenever Gareth’s on the show, it’s entertaining to just scroll straight down to the comments! 😅
  • @DanDang2
    David you have to have an Independent observer examine this dude’s Services. It helps no one if you keep inviting someone misleading the public with his products.
  • @whatsgood22022
    If I listened to Garether Solloway in 2022 when he said stocks wouldn't hit another ATH for a decade, I'd be completely screwed. That is one of the worst calls in the history of trading.
  • @basedspace5958
    It's funny to see every fintuber claim they called 2008 and got out right in the nick of time.
  • @ep59215
    Being early is also called being WRONG!!
  • @paulhep
    He missed every crypto pump in the last year and celebrates 10% and misses every 700%
  • @stonewall8328
    Even when Gareth actually makes money on a trade...he usually only pulls 10% profit...but he lets his losers run forever...no stop losses
  • @dennybrows9916
    Bro just explained he’s short but also long and also invested in Chinese companies. That tells me everything I need to hear 🤣🤣🤣😭😭😭
  • @YakoTheGoat
    Gareth been calling for a crash in everything since the market bottomed lmao
  • We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them
  • @cryptoricardo
    Soloway, completely wrong since 2022: ''I'm right but early''. Yeah right, tell that to your members bleeding money for months and months. In trading, being right but early is the same as being wrong.
  • @sketchin6993
    If Nvidia crashes 70% within 6months , I'd eat a video card for breakfast. Lol