NVIDIA Corporation (NVDA)

They just announced a monster revenue beat, an earnings beat, and their AI business beat revenue estimates

Bit of risk-off has come into markets in the last week or two. Mixed news. Good news today on GOOG, where BRK took a position. Yet on the other side, some prominent hedge funds have sold or sold short positions in the AI space. NVDA, for example, was divested from a very important hedge fund run by Peter Thiel. If Peter Thiel is selling NVDA, you have to sit up and take notice.

The reaction to earnings will come down to the Q&A--whether the stock rises or falls. She expects good questions on the circular financing and open AI. The CEO always delivers and expects a great number.

It reports Wednesday. We know what the CEO Jensen Huang will tell us: AI spending continues to grow, nothing new. They will make their earnings, again, but they've missed the whisper number in past quarters. Will the market sell on that?

Is not concerned about their forthcoming quarter. The market is taking into value the company's deals. A lot of those deals are receivables.

It has a reputation for looking expensive in forward PE, but is cheap when we see the actual earnings come in better than expected. It's growing that fast.

If you don't own it, buy here. A must-own. Pretty well sold out all the way until 2027. Some competition from the likes of AVGO and AMD, but it's still the leader. There will be a time (perhaps later in 2026 or in 2027) when growth rates will start to move down from 30% annual growth and closer to 20%. That's the time he thinks the engines will be the next big play.

His team always pays attention to the analysts' price targets, and it always becomes a bit self-fulfilling. Over the last year or two, there have been levels of resistance that now become levels of support. There's very heavy support ~$175-180 and again around $140-145. Valuations are stretched, and his team keeps in mind certain mental (not hard-wired) trailing stops so they can re-evaluate.

Bury is a great investor. Palantir is a more speculative business model with a strong retail investor following. In contrast, Nvidia is about the picks and shovels of the AI revolution. He isn't surprised Bury is betting against both, though. The demand Nvidia is seeing is supported by fundamentals. Companies are investing in AI and data centres, because they see strong demand for AI to be used in their businesses. Nvidia has done a great job of positioning themselves to take full advantage of what is happening today.

Not at all. There are too many people calling for a bubble. You don't have a bubble top when so many people are prognosticating that we might have a bubble. That's one sign.

The other sign is that if you look at forward earnings, it may be 26, 27, or maybe 30x forward PE. COST and WMT are trading at 50x. So that's not really a bubble. The darling of 2000, CSCO, was trading at 126x sales. That's a bubble.

He can see a bubble at some point in the future, and it's likely as this name continues skyward. But at the moment, it's fundamentally viable and driven by the demand for compute. The demand is actually there. Their chips are needed for AI, and the only reason we can't run AI at its full capabilities is because we can't get the energy to do so yet.

Just hit a 52-week high today, and that might be an all-time high as well. Heartbeat of the AI space. Lots of runway for growth. 34x forward PE, but for 35-40% growth. From a PEG perspective, not expensive. A name to own as long as earnings continue.

Trading at the top. If you already own it, he'd sell some calls, not to get called away but to earn some premiums. If you want to buy some more, you could sell some puts. If those puts work out, then you'll have bought lower than it is right now. Everyone should own some in their top 10 holdings.

Sees more upside, very bullish. Owns many shares. Q2 reported record revenues. Is still dominant in AI chips. Boasts high margins. A high PE, yes. Don't buy all in now, but be tactical. She trims when the stock price runs up, so you need to actively manage this.