NVIDIA Corporation (NVDA)

It pulled back. It trades at 53 times, but is one of the best plays for graphics and video games. People go to video games as a sporting event now. He does not go to it but he can get around the Crypto Currency part. He would love a pull back to reassess.

Ready to continue to go higher. Making a good run on volume. Breaking through the head and shoulders pattern.

Excessive valuation. The market is getting ahead of how their chips will be used in AI and cryptocurrencies. He doesn't short or own this. He'd rather buy Qualcomm.

It's consolidating. Not a disastrous chart. It may bounce up. If it breaks below the 200-day moving average, then sell. That's his rule.

Has emerged as a leader, even getting into the car space. It will continue. Watch for pullbacks.

(A Top Pick Feb. 27/17, Up 139%) Bought it because he was looking for something outside FAANG space. Little did he know this has become a crypto and AI play, like self-driving cars. But the problem now is how do they improve on this? Number looks great across the board.

Done a great job. Invested a lot more capital in the busines, up to $9 billion with a 22% ROIC, but it's getting stretched. He's on the fence, but hold. Warning: it's not cheap. A good company overall.

It has been a fabulous stock. He thinks it reached full value. You can’t confuse a great company and a great stock. This one has run up pretty fast.

-Chart shows a steady climb, with a recent pullback to about $180. You don't want to see it get below $180. This looks pretty positive with some of the indicators starting to turn up.

This is at the centre of a number of really important long-term themes, machine learning, augmented reality, automated driving and Bitcoin. This is a stock that does correct. Semiconductors as a whole have pulled back over the last 2 weeks. Believes this is just a bit of year-end positioning. Feels the long-term trend in the stock is intact. This is trading at $187, and would take a break of $160 for him to get concerned.

A pretty toppy time for this stock. Technically it looks fine, and fundamentals underpin it. If you can get into this now and want to play it as a trend, be very, very careful. The company looks like it is still putting up 15%-20% growth numbers. As long as they are doing that, you are going to have an elevated PE and a somewhat justifiable valuation. When these things break, it is going to be pretty violent.

They had significant amount of success. He does not feel it will grow faster than people think it will so he stays on the sidelines. Expectations are very high and it is reflected in the market.

This has been the poster child for augmented reality, machine learning and gaming. All 3 areas are big secular growth areas. You pay up for the best company in that sector.

He exited his position on a pullback this summer. Thought it couldn’t go any higher, but regrets selling it. They seem to be in the right place at the right time, and seemed to be in everything for the last 2 years. Their latest craze is there foray into autonomous driving. Have even signed a big deal with DHL in Europe in autonomous delivery trucks. Seems to be in the right place in a lot of different areas.

It is in the center of a couple of structural changes taking place in the world’s economy. One is artificial intelligence and autonomous driving and the other is augmented reality. Breadth within the semiconductor industry is expanding. The multiples are expanding. This is a leader in the group. It broke out recently – a nice break out, and then pulled back over the last couple of days. There are always shakes in these types of stocks. This is a great entry point.