NVIDIA Corporation (NVDA)

Stock hasn't made anyone any $$ since summer. Circular financing is a concern, as is possible AI bubble (or not) and increasing competition from the likes of GOOG and AMZN. (Investors, rightly, have very painful memories of JDS Uniphase.) What's going to happen on the other side of the mountain beyond this cyclicality? Investors like Burry are betting against it with put options. 

Doubters are way too early. Just expanded a deal with META for millions more. Blackwell sales off the charts. Q3 beat, earnings were up 65%. Earnings report next Wednesday will be a big moment for the market. Big players still want to buy chips from it, not from each other. Excellent risk/reward. 

Where else are you going to find a company growing at 39%, owned this widely, and trading at 24x PE? Crowded trade, but more to go. Making a mistake if you don't own it. Yield is 0.02%.

They announced a deal with Facebook today, but haven't done much lately, only up 2% year to date and 4% over 6 months. The GPU chip remains the beltway chip, so he's looking forward to their report coming up. Is confident about NVDA.

It reports a week from now. The CEO has already telegraphed what he will say, but the market won't let this crack $200 and the report won't change this. NVDA get cheaper with each quarter because they continue to be at the epicentre.

Is up lately and will continue, because money that pulled out of software ($1 trillion) is returning to this name and other megatechs. Nvidia is powering AI, at the center of things.

Not one of the ones spending 100's of billions of $$ in 2026. Instead, will be a beneficiary of that spend. Software system ecosystem is so ingrained, customers are not likely to exit. Cheaper chips may affect margins, but not to a great extent.

Continued strong, global AI infrastructure spending. Valuation remains cheap, as earnings continue to grow much faster than the price. Owns, and continues to add.

A lot of that huge capex by the other Mag 7 will benefit NVDA.

A good name with a straight line of sight to good results. Look at it when it goes on sale.

He has more comfort owning TSM than NVDA. It means he doesn't have to bet on which horse is going to win the race, but owns the racetrack instead. NVDA's valuation is reasonably attractive. On another material pullback would probably do a deep dive on homework, as AI trend will go on for quite a while.

With MU, demand for memory has gone off the charts. Usually extremely cyclical part of the semi chain, but there's so much demand that supply hasn't caught up. A commodity-type company, so he has no interest in it.

The CEO is a rockstar and their gross margins remain huge. Blackwell chips were just unveiled but we haven't seen a Blackwell model come out yet. NVDA will continue its stranglehold and has a lot more pricing power. But watch competition, their margins and see how the next system rolls outl

Still trades below 1x PEG ratio. Still AI infrastructure king. Still backbone of hyperscaler AI arms race. Doesn't see growth in data centres slowing down.

Thinks estimates for 2027 (which is actually the next 12 months of 2026) are too low. New chips are just hitting the market, and every time they put out a new chip there's just more and more demand for it. Beyond chips and data centres, we're moving more into robotics -- thinks they'll be a leader in this area. Trading at 20x forward PE, too cheap for its upside in next 2-3 years. Yield is 0.02%.

Nuclear has really come into its own. Get your nuclear AI exposure directly through NVDA, MSFT, or CCO.

Free cash flow for 2026 is projected at $160 billion. Incredible. Are growing fast. Wants them to invest in the business rather than pay a dividend or buy back shares. Is bullish NVDA. The PE is around 26x and growing, but so is the EPS. Not worried about valuation. PEG ratio is 1.0.