NVIDIA Corporation (NVDA)

If you've owned this this year, when it's had a monster move up, it makes total sense to pare back your holding as we close this year.

It's moved up nearly $100 since Oct. 31. It held $400 and has terrific momentum, but the risk is to the upside. They remain the heavyweight champions of AI GPUs. 

NVDA is pricier, but higher growth prospects. 33x forward PE, 17x forward price to sales. 57% long-term growth forecast, very strong. 
META is 20x forward PE, 5.9x forward price to sales. Cheaper than NVDA, but growth rate only 24%, which is still great. Bit more of a "value" play.

Both screen well, but NVDA is a touch better.

Not cheap, but growth is unbelievable. Can they keep this growth rate going, and if so, then shares are cheap. This isn't his kind of thing. Too volatile for him. He's not a big risk-taker, but a good company with wonderful products.

He sees multi-year growth, because they are the king of AI worldwide.

Phenomenal company. Seems to be ahead of every trend. It's all about the sales for the back half of 2024. When sales dry up, it can have a lot of earnings volatility. Probably has a bright future.

Instead, he owns AVGO, which is also benefitting from the AI buildout. Lower price, less growth, more diversified. 

Since its blow-out quarter in the spring, the stock hasn't broken out, so investors are dismissing it. Each time this dipped, people fled. But he fully believes this story--they make chips vital to AI. They practically invented the market for AI chips. Own, but don't trade this.

Really likes it, but they haven't reported yet. Wait.

You buy this long term, because it has the best AI content. Buy it short term because the market is so awful.

It won't mean that much to margins. This is a long-term thesis and he wouldn't pound the table unless this falls below $400 (anything is possible).

It has reflected positive news and has surged with the AI momentum - they make the best chips for these applications. It should pull back and there will be competition so wait.

The 200-day moving average is down to $340. Many bought this stock AFTER it moved up. The stock needs to hold here (it's held before). It's had a great year, but many who bought after the rally will sell, she suspects.

He bought it recently. It's shown proven as well as potential returns. Volatility is the price of owning this. Days like today mean take some profits. No, their model is not broken; demand for their chips remain high. People can't get enough of their chips.

The CEO has delivered in execution and performance. Also likes AMD and LAM Research, but not the SMH ETF, because there's such a dispersion with this sector.