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Stephen Weiss, Founder, Short Hills Capital Partners NVIDIA Corporation NVDA-Q COMMENT Mar 19, 2025

What we heard from CEO Jensen Huang at the current tech conference is what we've heard in the several past quarters: there's insatiable demand for AI, and NVDA is the middle of this and it's good for the company. We heard nothing new. He's surprised shares are not even higher today (they are bouncing). The modest share increase isn't tied to NVDA, but tied to the fact that the market has been oversold. That said, will this bounce continued into the close and beyond? The market is in no man's land.

$117.520

Stock price when the opinion was issued

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COMMENT

He loves the semis sector and this stock. It was upgraded today with an analyst raising the price target to $250, but he can't see NVDA shares double or triple.

PARTIAL SELL

Used to make 75% gross margins, but those have jumped to 90%. If it goes back to historic gross margins, even if sales continue, you'll see a huge degradation in profit. Sweet spot in terms of demand. Market thinks it can do no wrong. Worries that demand will abate or just normalize. Good news is baked in. Watch your position size.

BUY

The market cap topped $4 trillion today. It remains the king of the market, of tech, of AI. NVDA has created a revolution along the historic lines of the industrial revolution.

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PAST TOP PICK
(A Top Pick Jun 17/25, Up 12.7%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with NVDA is progressing well.  To remain disciplined, we recommend trailing up the stop (from $106) to $127 at this time.  

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Jun 17/25, Up 18.8%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with NVDA has achieved its target at $172.  To remain disciplined, we recommend covering half the position at this time and trailing up the stop (from $127) to $140.

HOLD

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.

(Analysts’ price target is $175.00)
TRADE

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

BUY ON WEAKNESS

Likes technical superiority on AI chips.

BUY ON WEAKNESS
NVDA vs. AVGO

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.

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Jun 17/25, Up 25%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with NVDA is progressing well.  To remain disciplined, we recommend trailing up the stop (from $140) to $156 at this time.