Kim Bolton
President and Portfolio Manager at Black Swan Dexteritas
Member since: Jun '18 · 1733 Opinions
Rating Card
Premium content| All | 
Rating
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| 4.62 | 268 32.84% | 158 19.36% | 92 11.27% | 155 19.00% | 143 17.52% | ||
| 1 Month | 4.72 | 20 9.13% | 71 32.42% | 55 25.11% | 65 29.68% | 8 3.65% | |
| 6 Months | 4.99 | 68 33.17% | 44 21.46% | 18 8.78% | 40 19.51% | 35 17.07% | |
| 12 Months | 4.96 | 80 43.24% | 23 12.43% | 14 7.57% | 24 12.97% | 44 23.78% | |
| 2 Years | 4.71 | 71 48.30% | 16 10.88% | 3 2.04% | 20 13.61% | 37 25.17% | |
| 5 Years | 3.73 | 29 48.33% | 4 6.67% | 2 3.33% | 6 10.00% | 19 31.67% |
Stock Opinions by Kim Bolton
Doesn't think so. JP Morgan came out with a research study -- claims that there are 41 pure AI stocks that have contributed 70% of the returns this year for the S&P 500. The other 459 stocks have contributed the other 30%. Just wait until the buildout is done by the vendors, and then you have the end users who are going to be using the built-out AI infrastructure. Still a long runway.
It can sort of feel like a shell game. Rubber's going to hit the road come 2026 after all this spending for the last 2-2.5 years. That's when we'll find out whether the vendors are going to be making money.
But he thinks that, more importantly, it's whether the end users that are going to be using this AI infrastructure are going to be making money. So far, he believes the answer is yes for both sides. For the infrastructure, there's still a heck of a lot more to be built out on the hardware, let alone the software. And the end users are the ones who are going to benefit.
Definitely hitting the healthcare side, speeding up R&D on biotech. Definitely impacting entertainment business; one of the reasons NFLX is doing so well is because they've really embraced AI. It will filter down even into manufacturing.
He and his team believe that robotics are going to be a big, big deal in 2026. But robotics only work with the AI infrastructure.
There's a lot more to come.
If you own it, hold on, but look for places to add at better levels -- $33 and, if you're really lucky ~$29. Embraced AI in a big way, which is expanding its own business as well as its clients. Able to maintain double-digit recurring growth rate.
His caveat is that, from the charts, price action not all that good.
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.
This investor sounds just like him. Sold out of his fund, but still in separately managed accounts.
Everyone's interested in it. The foundries require so much capex, and that's why there aren't that many. Fantastic company, but execution has been problematic. New CEO doing fabulous job. Getting pretty close to average analyst price target. Buy if you can see it down at $33, and certainly under $30.
A lot of people compare this market to dot-com times. It's not the same. Completely different metrics. A lot of portfolio managers got wiped out then because they were trying to call the top. We're now very much in a period of momentum and sentiment. You just have to watch the price action.
Last October, he said one of the themes to watch for in 2025 was robotics. Its robotics accounts for only ~11% of revenues. Pricey. He's been writing some calls. 12-month price target of $150. Don't buy here, but over the next 6 months you can look to pick it up between $135-140.
Another recommendation on the theme of robotics being big in 2025. Volumes were low, so it delisted and shareholders were given shares on the KOSPI via a complicated calculation. Plus you have the whole foreign exchange angle. The actual total return is more like -7%. Fantastic company, but hard to buy.
