Aftermath of Nvidia CEO caught in spy scandal

The NVIDIA CEO is accused of having an affair with an alleged Chinese spy. To talk more about the aftermath of this, how this might be affecting the markets, we are joined by financial advisor Chris Markowski. Chris, thanks a lot for joining us as you do often these mornings. Real quick and straight to the point here, we saw the markets kind of tumble a little bit after this weekend, specifically for NVIDIA stock. Do we expect that to last quite a bit longer as this investigation by NVIDIA continues? Well, markets actually did well yesterday. It was just NVIDIA was the outlier because of what took place. Um, I, Do I expect a lot more volatility when it comes to NVIDIA? Yeah, over the short term. I would expect that. However, and this is a bit of advice for your listeners out there, if you're going to try to trade. something like this. Again, that's akin to gambling. No one knows what's going to happen tomorrow. NVIDIA, at this point in time, is basically a too-big-to-fail tech company here in the United States. And yeah, it's going to take its lumps now, but you take a look at the overall numbers and the various different contracts and deals it has set up for the future, its numbers are very, very strong. The concern right now is, What happens next? What happens if they need to remove the CEO? Who's next on deck? All of these various different things. But again, that's just going to be, to me, a lot of short-term noise. The long-term prospects for this company are very, very bright. How much of a hit do you think people take in that small term, or is it pretty much negligible if you hang on to your stock for a long while? Well, that's the thing is people, if you're looking at your retirement accounts on a day-to-day basis and evaluation day-to-day, you're doing everything wrong, right? Have you really taken any hit? You know, when the markets went down last week, did it change your lifestyle? At all because your 401k was down a little bit? No, that's not why you invest. That's why you would even start a small business. It's the same type of a concept. Where's it going to be 5, 10, 15, 20 years down the road? It's one of the things that we try to teach. Part of the conspiracy to keep people poor and stupid is to get them thinking that they're able to tell what the future is going to be, the short-term future, and trade upon that. No one's capable of doing that. Any successful investor over the long term doesn't act. In that manner, the only people that make money are the big Wall Street firms when people do stupid things with their money. And again, try to guess what's going to happen tomorrow. So your advice here, I see people talk and comment about seeing the stock drop at about four and a half percent at the end of closed market yesterday. Your advice here is to say don't have a knee jerk reaction to anything. No, it's got to be a part of your plan. You know, we've owned NVIDIA for a very, very long period of time. And as it's gone up, and we've talked about this here on the program in the past, we've taken profits off the table as it's become huge and oversized. When things back off, we might look to step in, depending on the person's unique situation. Everyone is unique and different and needs to be handled as such. But, you know, to think that, you know, the company's going to go away anytime soon, that that's just not going to happen. All right. Well, certainly we'll keep an eye on those reports and investigations as that continues. Chris Markowski, thanks a lot for taking the time with us this early morning. We appreciate you. My pleasure. Have a great day.