NVIDIA Corporation (NVDA)

Has to be in your top 5 holdings, even at $137. If you can ever get it just under $100, it'll be golden for you, you'll just have to back up the truck. 12-month price target of $161.40, and that's only going to move up. NVDA is to GPUs as AAPL is to smartphones. Making a lot of "other bets" that will pay off for them as it did for GOOG.

If you don't own it, buy 1/4-1/3 of a position here, another bit in the $120s, and then around $110.

So tied into ETF buying and selling that when it sells off, it's very aggressive. If you believe in the stock longer term, then buy when there's a big selloff. Current leader in AI, but it won't be the only game in town. CEO is dumping stock like a wild man, so be careful.

Watch Jensen Huang's keynote at Computex Sunday 11 pm EST. He could be announcing new products. NVDA shares have jumped 16% this week and back to $3 trillion in market cap, thanks to new Middle East orders. He wouldn't be surprised if NVDA had more room to run.

Clearly the leader. Everyone loves the Blackwell chip, and people pay a lot for it because there's no competitor. Grew revenues over 100% last 2 years; estimated at 50% this year. Tariff impact unknown. Risk is competition. Once we conclude the data centre buildout cycle, what then?

His firm owns AVGO as a proxy for the chip buildout.

He has been buying tech during this dip, in April particularly. We will eventually exit this volatility and find stability and confidence in the market again. Meta and Microsoft are some of his key holdings, and they affirmed their capex guidance--they are spending to make incredible investments over the next three years, because they know AI is the biggest super-cycle every in technology. There is incredible pent-up demand for AI from businesses and consumers. The CEO of MSFT reported that his company processed 50 trillion tokens last month alone, or 3.5 million years of AI conversation. 

When DeepSeek came out, he started selling out of this position. People are selling the Mag 7, and there might be some anti-US sentiment globally. Recent charges on China, tariff concerns. At some level it becomes cheap; at 15x 2027 earnings, with 28% growth, it's gotten oversold. Blackwell chips are the catalyst.

Will only work if we're still in a bull market. US administration could tip us into a recession. Risk to this name, especially with no dividend. Start picking away ~$100-104. Be an incremental purchaser of growth names for when we do come out of this darker economic time.

The DeepSeek threat is overblown; we're not seeing mass cancellation of orders at Nvidia, but even an increase--chips are sold out for the year. Alphabet just praised its relationship with NVDA. And yet, NVDA hasn't recovered from January's DeepSeek news. He trimmed his holding, but still owns a lot of shares. However, the White House has made NVDA a political football. Shares should not have fallen in the first place.

Took a write down on chips, stock fell. Trading at ~21x PE. Really has a monopoly; AVGO may be getting close, AMD not close at all. New products coming out with Blackwell. Companies will continue to spend, if not as much. Earnings growing rapidly, great balance sheet, no debt. A chance to get a leader at a very good multiple. 

If it gets into the $90s, in a couple of years you won't regret buying. Growth will come from big tech players in US and Europe, not China so much. Yield is 0.04%.

Markets are down today from Trump hectoring Jay Powell badly. If this leads to a constitutional crisis, you will need some cash. He always believed that the President can't fire the Fed Chair. This talk and tariffs have done enormous damage to stocks. Losses could worsen if Trump keeps trashing Powell without achieving a good tariff deal. Washington is incredibly biased against Nvidia and Apple, two excellent companies. Trump is more interested in cutting off China than advancing America's interests. This makes NVDA a hard stock to own, though not as bad as Apple. Apple makes the best consumer products on Earth, and they will eventually get AI right. But Apple makes a lot of products in China. The market could get worse, but at some point the pain will get so bad that Trump will back its most punitive measures. There has to be some sanity here. A strong Apple with business in China is in America's interest, while Nvidia is worth supporting. It doesn't have to be this way.

He'd use broad money flows out of tech to enter tech. Phenomenal business economics. Don't look at its PE, just look at free cashflow. Compare price to FCF, invert that, and you get the FCF yield. Domestic demand and demand ex-Asia are still quite robust. Growth at a reasonable price here. If you've had your eye on this for a while, use this pullback to get in.

A lot of its customers are looking to get into the design business. Longer term that will have an impact. He owns TSM instead.

Before you look at individual names, it's really important to understand the type of market we're in. What's happening in tech right now is not healthy. This name held up much longer than most of the index, but every stock in that index is broken. Great company, but don't have FOMO. Sector doesn't have tailwinds right now.

His pick in the sector is TSM, which makes the chips for NVDA and the like. It's more diversified. Valuation is cheaper. Much clearer growth path going forward over next few years.

NVDA has fallen, but it's not a cheap stock. Factored into the share price is a huge growth expectation. Just because share price has fallen on a high flyer, that doesn't necessarily make it cheap.

Is -36% from highs. Own, don't trade it. Its AI isn't slowing, but investors in this market are selling everything AI. Buying into weakness has hurt, so step back and wait. Trades at only 21x PE and is the highest-quality company in the world. This stock will bounce back eventually.

It broke to the downside. Because it's widely held, subject to a lot of volatility. Worth looking at around $90-95, as that's where a whole bunch of new dollars came in. Company is positive on its chip demand. This market throws baby out with bathwater; good chance to dip in on a good company.