NVIDIA Corporation (NVDA-Q)

He called this one a sell last year, and his opinion hasn't changed even with the pullback. FMV is 60% lower than where it is today. Pattern: goes up, pulls back to FMV, rinse and repeat. AI stuff is overbuilt. Chairman likes to over-hype.

Wonderful product, but it has to be used to make $$. And the people using AI to make money are few. There will be more down the road, but we need to wait. Risky.

He sold. Apple for example, is starting to make its own chip. Also, reports say China is buying the NVDA chip through other countries. Thirdly, Taiwan Semi could pick up the slack in NVDA. People owned NVDA for momentum and are now selling it for taxes.

The quarter last week was solid with earnings and sales both us and a solid guide. But export controls are a concern as are third-party selling via China. There is definitely continued demand, but that demand is slowing.

In his momentum mandate. Compelling valuation of 27-28x PE compared to its own history. Earnings expected to grow at a high-20s rate. PEG ratios around 1 are really good, up to 2 are OK, beyond that is expensive. Risks of further tariffs on China would not make a huge impact.

Risk is that export restrictions on the most advanced AI chips would be tightened further and impact sales. His bullishness on the name is underpinned by the AI revolution. Demand is there, though capacity constrained recently. 90% of chips go to data centres, rest into gaming and auto.

Owns for its terrific first-mover advantage in semiconductors and, in particular, GPUs and other chips for AI and data-centre applications. Reported good results. Stock's pulling back, but still in a long-and-strong secular uptrend. Volatile stock, hyper-owned and hyper-scrutinized. People tend to own it with a very short-term trading mentality. Positioned and weighted properly, it definitely deserves a spot in a diversified portfolio.

He bought more today on the dip. Trades at 24x earnings, expecting that to grow 50% this year. The growth rate will one day drop off, but now now. It boasted a triple beat and remains the leader of semis.

He added, selling March covered calls with a strike of $123 and expiring next Friday. Buy on 10-20% pullbacks.

Beat yesterday, margins guided lower. Significant ramp in Blackwell chips. Before yesterday, reasonably priced PEG ratio; that will change as they up their numbers. Not a slam dunk, but still reasonable valuation for growth.

Selling off today because of Trump's extra 10% threatened for China. He had trimmed at highs, he's holding the rest, stock still works from here.

It feels like NVDA is running in place, up 5% since August 28, 2024 earnings. Today's report will be the first time since mid-2022 when the stock has been negative since its prior report. In options, you're getting more of a premium for the puts vs. the calls. He doesn't know if this is the right play. NVDA now is consolidating and expects shares to pingpong between $115 and $145.

There's a lot riding on the print (earnings after the close) today. Shares are down 17% since the DeepSeek news. Now, we're hearing export controls. However, the hyperscalers have not changed their capex spending on AI ; DeepSeek had no real impact, including Microsoft and Meta and Amazon. We need to hear from NVDA $38 billion in revenue and guide $2-3 billion over and above, and hear about insatiable demand. He expects a strong print.

It better! This name is the poster child for the AI revolution, and will reflect demand in that whole area. He's not that concerned about NVDA. Its product is completely sold out for the next 12 months. He shaved a bit when it was up around $140-145, and he bought some just recently. His position is now 5-6%.

Well-known to sandbag earnings and revenue. The most important part will be its forward guidance on demand for GPUs, the Hopper, and Blackwell chips. It's a big day.

Loves this stock. Coincidence that it's also reporting today. Thinks revenue will be slightly above what was guided. Invested in so many businesses from having made so much money. GPUs, professional visualization, automated driving, AI deployment and data centres. 12-month target of $175. Yield is 0.03%.

He thinks NVDA will move 10% to the upside, and yes this is a pivotal moment. It's hard to see demand falling off. It trades at 30x forward PE with net income growth and EPS growth over 100% YOY, with forward projections up 50%. At 30x forward PE and that projection, NVDA is very attractive. True, stocks can always go done, and in the past quarters, NVDA announces fabulous earnings and the stock has gone down. So, how NVDA trades tomorrow and Friday doesn't matter. Given this valuation and insatiable demand, he'll take that 10% higher.

A fine company with a stock that has wilted, though still +9% so far this month. If it keeps delivering (with earnings on Wednesday), then it won't part of the frothy trade now. Own it, don't trade it, but don't have any expectations for this quarter.

It reports Wednesday, perhaps the most important company to do so this year. All semis stocks sold off today. He keeps saying: own this, don't trade it, but his strength may be tested by the possibility of a slow ramp in its Blackwell platform launch. He expects the CEO to offer a clear path.