2024-05-06 13:30:38 ET
Summary
- I've underestimated Nvidia Corporation's dominance as the King of AI chips.
- Nvidia's ability to stay ahead of AMD and Intel in AI is remarkable.
- Nvidia's Blackwell architecture and Nvidia AI Microservices set up the company well to expand its total addressable market.
- Notwithstanding its outperformance, Nvidia stock is still priced at a lower valuation than AMD stock.
- Buying sentiments on Nvidia are expected to remain robust, acknowledging that I was indeed wrong about the Jensen Huang-led company.
Nvidia Bullish Thesis Highly Resilient
I must admit that I've gotten my bearish ratings on Nvidia Corporation ( NVDA ) consistently wrong over the past year, as I anticipated that Wall Street analysts were too optimistic. While my caution on Advanced Micro Devices ( AMD ) panned out, as AMD stock fell into a bear market (down nearly 30% through AMD's recent lows), NVDA's buying sentiments have remained incredibly resilient....
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Nvidia: I Totally Underestimated The King Of AI (Upgrade)