The Panic-Proof Portfolio (Stockchase Research)NVIDIA CorporationNVDATOP PICKJan 09, 2024

Test5555

Lots of talk and hype. Controls 80% of superchip and GPU market, so difficult for competition to cut their grass for a while. Margins are enormous, producing a lot of money.

80% market share in discrete graphics processing. META just bought 350K units. Phenomenal new products. AI is still in early innings. Yield is 0.03%.

Analysis suggests this $600 stock can reach $900. $500 is the new floor of support, not resistance. Money managers can't get enough of the chipmakers.

At 232%, was the top S&P stock of 2023.  Boasted a stunning $4 billion sales guidance miss--to the UPSIDE. They produce hardware and software to allow gen-AI to work. Though shares have stalled since July, he still calls this a buy. He doubts it will triple again in 2024.

Rich here, not much runway left, buy on dips. $500 has become a barrier because there are a lot of options, puts, and calls in that area. Still king of the GPU and AI chips. Not sitting on laurels. INTC and AMD are main competitors. Be patient: pick up around $484 and $464. Definitely shouldn't go under $450.

golden rule of bulls and bears making money, but pigs get slaughtered can be broken if you look at forward earnings. In this case, he's been loading up on Nvidia, but it looks cheap on its forward numbers. That said, take profits if a stock runs up and becomes too big a part of your portfolio.

A 20% pullback possible, say on disappointing earnings? Absolutely. That would return it to its 200-day moving average, but he'd still own it. People are more likely to buy -20% than short this.

Likes and owns. #1 market darling this year in the S&P 500. Best semiconductor and chip maker out there. Pole position in the arms race for AI chips. Tremendous growth, but demanding multiple. 2025 earnings will make the valuation look much less demanding. You want to be early owning the leaders. Pinnacle of momentum.

Big gaps up on earnings, also selloffs. Roll with the punches, take a multi-year view. Size your position accordingly. Will be much bigger 2-3 years down the road.

An amazing company. Trades at 25x next year's PE and 20x in 2025. That's still cheap given their explosive growth.

Stock chart has been doing very well. Worried that stock price is heading towards resistance. Sideways performance might happen. Would recommend taking a small position. Could have higher highs.

Likes it. Reasonable at 24x PE, and they're selling something that everybody wants. That gives this stocks a lot of cushion on the downside.