NVIDIA Corporation (NVDA)

Up 80% YTD and the valuation is stretched. The price has far outrun any change in fundamentals. Take profits. The share price rise reflects the outlook 5-10 years ahead.

Up 80% YTD and he trimmed his holding. It broke out to record highs and is now surrendering that. 92% of the past 5 years, hedge funds have held more semis stocks than now. If we move higher after earnings season, he sees a capitulation in a massive short covering.

Top performer in Q1, up 90% and a heavy favourite of his. It esploded, helped by the craze in generative AI--Nvidia creates those chips. The stock was one of the worst performers in 2022. Yes, this rally can lose steam, but he doesn't care about its short-term moves. This is an elite stock like Apple.

Valuations getting high with recent increase in share price.
P/E ratio historically high.
Data centers, gaming and AI business strong, but valuation very high.
Waiting to buy when share price falls.

He's a big fan of CEO Jensen Huang, the modern da Vinci, who just delivered a brilliant lecture to explain the future of generative AI, which could be as revolutionary as the cell phone and add to the bottom lines of many companies in many sectors.

Are partnering with several companies across many sectors in generative AI, such as Einstein GPT with Salesforce; Adobe and Metronic (see those entries). Own, don't trade this.

Its CEO is the modern da Vinci as they make generative AI. If ChatGPT takes off, demand will outstrip supply, and Nvidia is the best-positioned company. Buy and hold, buy on dips.

Undeserved despite being a quality company with good managers. Is capital-intensive with a free cash flow yield of 2%. Ridiculous EBITDA. The price target rose today is also ridiculous, a game that analysts play because NVDA topped their last price target.

Won't buy it, because it's capital intensive. In semis, own the equipment manufacturers. The sector has done great, sure, but be cautious on valuations.

A super growth story. Incredible move higher this year. Has the best long-term growth among semis, but this year will see a lot of volatility. Don't add given the valuation too.

Still loves it, tremendously expensive. Tough to buy with new money. If you own it, hold, and look for a better place to add. Diversified. The hike cycle scares him a bit. One of the purest plays on AI. He'll be watching how consumers in uncertain economic times take to the new, expensive 40 series.

There's finally an end to the glut in semis coming, triggered by the sharp decline in demand for PCs after Covid. Nvidia supplies many PCs and it has a stake in AI. Great CEO is Jensen Huang

Massive growth, as they've been in key sectors. Not cheap. Will continue to do well, in high-end areas. A design house, not a manufacturer. Semis are very important globally. A lot of onshoring going on, so it can become political. Very cyclical, sector pulled back on recession fears. 

Their last numbers were dreadful, but they talk about AI, all the rage now. Everyone is talking about this stock. Remarkable how people ignore their fundamentals and focus on AI, the current buzzword. They over-relied on the PC market. That said, they make great chips.