The Panic-Proof Portfolio (Stockchase Research) NVIDIA Corporation NVDA-Q PAST TOP PICK Mar 04, 2025

Probably a good place to write some calls against it, especially as average analyst price target is ~$175. Over next few days, analysts will probably up price targets due to H20 chips being allowed to China. It'll be king of the hill for at least 18 more months. Should definitely be in your top 5.

He sold the Aug.15 180 strike for $3.50 (20% annualized). Sold 25% of his position to rebalance to slightly overweight.

Likes technical superiority on AI chips.

Clear winner, because its chips make AI possible. There is some competition out there, but AVGO isn't one of them. Look for a good buying opportunity. 

He sees a parallel with INTC, which was a darling for many years. Not now. NVDA still has the market share; there are companies trying to catch up, but NVDA is still further ahead.

They have a moat in terms of chips that run AI software, which keeps the #2 far behind.

It's good that they can now sell those chips to China (though pay a tariff and will result in an earnings hit). NVDA has had a lot of momentum.

They report Aug. 27. AI will remain a tailwind for productivity and economic growth. However, he liked NVDA when it was below $90 last April, but not at twice the price. It costs too much now, though he likes the company. Technically, it needs to fall to at least $150, in the range of $125-150.