NVIDIA Corporation (NVDA)

You can make exceptions, as he has with Apple and Nvidia. You can trim, but he's been reluctantly because these have been his best stocks. It's a subjective call, but you can trim when a stock because too large a stock in a portfolio.

At some point, this will correct, but nothing worse. Bears point to the 35x forward PE, but this is growing into its earnings 50% year over year. No sign of inventory gluts. He expects dip buyers to swoop. At some point, you need to trim this, and tomorrow's CPI figure could be the trigger.

A lot of people want to get into this but aren't yet. He doesn't know what the floor of this is. He owns little of it, buying it on a dip last year. Owns more of Taiwan Semi who supplies NVDA.

Recently took some shares off the table. She's owned this a long time. A large position. Shares have doubled in 3 months. It has a perfect set-up now: many buyers with cash, concentrated positions, little capacity and too much demand. Nothing to stop this for the long term, but it's prudent to take profits.

It's clear that the semis stocks are cooling off after strong momentum. SMH and Broadcom are reversing too. This move is healthy. The market is saying it may be time to take some profits off the table. Not all tech, because Alphabet and Apple are higher, but they will benefit if there's selling in semis and a rotation into these names.

Funny thing is, as it continues to go up in price, it's actually getting cheaper on valuation. Earnings have actually increased at a faster pace than the underlying stock has. This is rare. Early stages of the chip-driven revolution. 

At some point, there will be volatility where it's priced to perfection, there will be a hiccup, stock price will come down. Patience is a virtue. You don't want to feel as though you're chasing a stock. Likes it, thinks it will continue to go up, wouldn't chase. Try for a better price point. If you miss it, you miss it.

It hit yet another high today to become the third-biggest company by market cap. It's not overvalued based on its valuation. It's given so many upside surprises, and the AI revolution is still happening--and who knows where it will go? Buy, don't trade, the king of AI.

It's up today because of Dell earnings, and Dell was up before earnings because of Nvidia. So, you have this positive ping-pong--a feeding frenzy which seldom ends well. It's ridiculous. That said, there's still momentum there.

Trades at 32x PE, but consistently outperforms earnings, and growth estimates are above 50%. Not expensive. There's room to run in AI stocks and not in a bubble.

Their latest quarter lifted the entire market and defied fears that their numbers are unsustainable. Also, the CEO plans to dominate the industry with the best graphic cards in coming years. There's general wonderment here in tech. 

Pretty amazing story. Last quarter reported just over $6B in sales. This quarter is expecting over $20.1B. Hard to figure out what's going to happen this afternoon, let alone 3 years down the road. Core holding. He trimmed a bit, pretty fairly valued. 12-month price target of $710, though other firms have higher targets. You know that earnings are going to be good, but it's all about the guidance.

Short-dated options market expecting a heck of a lot of volatility tonight. Wouldn't be surprised to see a selloff. Smart money will be looking to buy on dips.

Wide moat. Good relationship with TSMC.

They reported another great quarter today with a revenue beat and upbeat guidance. Demand for AI and its chips continues to outstrip demand. Run by an amazing CEO. Own this, don't trade it.