NVIDIA Corporation (NVDA)

Fantastic earnings. It sold off at 22x PE. Likes it here.

His favourites right now are AMZN, NVDA, and MSFT. They're all going higher.

On the capex spend, sometimes it's a leap of faith. You're relying on these companies having some of the smartest people in the world with the most disposable capital. And those people really believe it's not a bridge to nowhere.

Undoubtedly, some companies are overdoing it and there will be another side to the mountain. But we don't know when that will be.

Chart shows staircase consolidations and rallies. Earnings days are a total black box for him, no idea what's going to happen today (coin toss). We'll either see a corrective phase back to support, or see another push higher.

Longer-term chart continues to work. He'd look to add on weakness -- either right away if there's a drop, or later in July/August if the stock moves higher in the short term.

He always says buy this, don't trade it. They just delivered another set of stunning numbers: revenue growing 85% year over year, revenue beating with most of their growth coming from their core data centre business, hyperscaler revenues up 115% YOY while other areas grew 74% YOY, while gross margins were in line, free cash flow beat, and announced an $80 billion share buyback. They raised guidance, too. But the stock is so big, it's hard to surprised investors, so the stock is flat after hours.

They report Wednesday. They lie at the heart of the data centre building, which is at the heart of the stock market now. Own, don't trade it. NVDA needs a perfect quarter to go higher, and it might happen.

Likes it fundamentally, but a lot of things are overbought at this point. Be cautious how you step in. Will do well over next 12-24 months. Relatively cheap compared to other growth stories out there. The "arms dealer" of the AI buildout. Like the "picks & shovels" of the AI "gold rush". An ecosystem of hardware and software.

Will benefit from the major capex spend by hyperscalers. Earnings growth forecast for next few years is 45% a year. PEG ratio ~0.6x, very attractive valuation. Yield is 0.02%.

Won't buy it here. She owns little semis. NVDA leads in this space, but more competition is coming. The big question: how long can their growth continue?

Lots to talk about regarding quantum computing, as it's one of the main foundational picks & shovels. Has come out with quantum platform for developers. Will really excel in the quantum space. His price target is $273. Yield is 0.02%.

What we heard from Alphabet and TPUs and Amazon with Trainium (their own AI chips) flies in the face of Nvidia being the stock to buy now. NVDA is supposed to go parabolic after it breached $200 recently, but he's less confident in NVDA's level of demand because of competition.