My harrowing warning about Nvidia

Breaking: Buffett dumps billions in tech [Dow Drop Summit] August 10, 2024 [UNSUBSCRIBE]( Editor’s Note: At Dow Drop Summit we’re always looking out for special opportunities we believe you, as a valued subscriber, will want to see. Below you’ll find one from our partners at Porter & Co. Please note that their opinions may differ from ours. My harrowing warning about Nvidia Dear Reader, My name is Porter Stansberry. I’m the founder and CEO of one of the world’s largest and most successful financial research firms. My partners and I have predicted almost every major boom and bust of the last three decades. A few days ago, I wrote an urgent warning to my readers. A warning I’ve now decided to share publicly and freely with you. Because I believe this message is absolutely critical for anyone who wants to survive [the financial bloodbath that’s coming to tech stocks](. The very same day I wrote this message, the Russell 2000 Index of small-cap stocks closed 3.6% higher, but the S&P 500 (dominated by the big, overvalued tech stocks) plunged. [Click Here]( How did I know this was going to happen? Here’s what I wrote to my subscribers: “We are in the midst of the greatest financial bubble of all time… Today's bubble was caused by the same thing that creates every bubble – enormous amounts of newly created credit. This bubble was fueled by the "hidden" bailout of our banking system that began in early 2023 when the Federal Reserve created its "Bank Term Funding Program" to paper over the banks' $500 billion-plus in losses on their government bonds. Among its actions, the central bank issued more than $164 billion in credit, created out of thin air. Thus, rather than seeing a reduction in credit while interest rates were rising, we've witnessed a gigantic expansion in credit, leading to a financial boom. The mania in tech stocks today far exceeds the 2000 bubble. Going forward, for the next decade or longer, returns on large-cap tech stocks will be well below average. And for investors who pile into tech stocks today, when they are trading at 30 times sales, the results will be catastrophic. This advice is contrary to what virtually everyone else is saying about the stock market right now, so I'll understand if you're deeply skeptical of my views.” However, while buying tech and AI firms at today’s prices is a fool's errand, there is [one sector that’s grossly undervalued and overlooked]( – and it plays a critical role in the future of artificial intelligence. Yet almost nobody has spotted the connection. That’s why, instead of buying the major tech companies like Nvidia, Microsoft, Intel, and Alphabet – I’m urging my readers to consider this undervalued “pick and shovel” play. To get all the details, [go here now](. - Porter Stansberry © 2024 Paradigm Press, LLC. 1001 Cathedral Street, Baltimore, MD 21201. By submitting your email address, you consent to Paradigm Press, LLC. delivering daily email issues and advertisements. To end your Dow Drop Summit e-mail subscription and associated external offers sent from Dow Drop Summit, feel free to [click here.]( Please note: the mailbox associated with this email address is not monitored, so do not reply to this message. We welcome comments or suggestions at feedback@paradigmpressgroup.com. This address is for feedback only. For questions about your account or to speak with customer service, [contact us here]( or call (844)-731-0984. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized financial advice. We allow the editors of our publications to recommend securities that they own themselves. However, our policy prohibits editors from exiting a personal trade while the recommendation to subscribers is open. In no circumstance may an editor sell a security before subscribers have a fair opportunity to exit. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. All other employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of a printed-only publication prior to following an initial recommendation. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Dow Drop Summit is committed to protecting and respecting your privacy. We do not rent or share your email address. Please read our [Privacy Statement.]( If you are having trouble receiving your Dow Drop Summit subscription, you can ensure its arrival in your mailbox by [whitelisting Dow Drop Summit.](