NVIDIA Corporation (NVDA)

He sees multi-year growth, because they are the king of AI worldwide.

Phenomenal company. Seems to be ahead of every trend. It's all about the sales for the back half of 2024. When sales dry up, it can have a lot of earnings volatility. Probably has a bright future.

Instead, he owns AVGO, which is also benefitting from the AI buildout. Lower price, less growth, more diversified. 

Since its blow-out quarter in the spring, the stock hasn't broken out, so investors are dismissing it. Each time this dipped, people fled. But he fully believes this story--they make chips vital to AI. They practically invented the market for AI chips. Own, but don't trade this.

Really likes it, but they haven't reported yet. Wait.

You buy this long term, because it has the best AI content. Buy it short term because the market is so awful.

It won't mean that much to margins. This is a long-term thesis and he wouldn't pound the table unless this falls below $400 (anything is possible).

It has reflected positive news and has surged with the AI momentum - they make the best chips for these applications. It should pull back and there will be competition so wait.

The 200-day moving average is down to $340. Many bought this stock AFTER it moved up. The stock needs to hold here (it's held before). It's had a great year, but many who bought after the rally will sell, she suspects.

He bought it recently. It's shown proven as well as potential returns. Volatility is the price of owning this. Days like today mean take some profits. No, their model is not broken; demand for their chips remain high. People can't get enough of their chips.

The CEO has delivered in execution and performance. Also likes AMD and LAM Research, but not the SMH ETF, because there's such a dispersion with this sector.

He wishes they would, but he has no idea if the company will. He likes the stock.

He's cautious with any parabolic moves, which is what happened with NVDA. It got overbought, but may now consolidate for a while in a healthy consolidation. Possibly, but unlikely it will break down. Don't buy now, because it will consolidate (stay flat) for a while.

12-month price target of $503. He's found that it's tradeable. Keep a core, but you can trim around the edges. You could also sell short-dated puts, as the volatility gives you pretty decent premiums. Will have lots of competition in 2024 from AMD, Intel, and minor players. 

Top performer of the S&P 500. Hype over AI is real, but there's been too much, and you have to look at the fundamentals. Great growth expectations of 30-35% EPS, but if there's any hiccup, the extended valuation is in jeopardy. Trades at 34x price to sales, whereas the S&P is around 2x. Tech is starting to weaken. 

He'd prefer names not so much in the limelight, like ASML or KLAC. See his Top Picks.