Stock price when the opinion was issued
Hyper-cyclical earnings. Storage and memory chips, which are like a commodity and so you have big swings. Consensus is for earnings to grow over 400% this year, not because of innovation but because of the demand cycle. Go back 10 years and this name has generated a total compound return of 10%, which is less than the S&P. Beta is 1.9.
Not a direct competitor to NVDA, but very strong in DRAM and NAND markets. Impressed by mid-quarter update which boosted earnings projections by 10-15% for the quarter. Cheaper than peers in the space, could be re-rated when the market wakes up to that.
Another way to access and get excited about the AI buildout. Yield is 0.38%.
When everything's going up together, makes it harder to differentiate on a technical basis. He compares stocks head to head using charts to see which are outperforming.
Right now, NVDA has been the highest ranked stock in US reports, and that's the one he holds. In Canada, CLS has been the highest-ranked stock, and his portfolios hold that as well. MU has been trailing a bit, but might catch up, hard to say.