$NVDA

BACK TO FIRST ORDER THINKING Nvidia is back at ATH with a new BAML report and a $300+ price target. The name has 2x+ the earnings growth, margins, and rev growth of $AMD which reported (rear view mirror now) while investors start anticipating $NVDA A funny story… I get a call from someone today pitching me Vertiv and various Indistrials stocks. The argument centered on multi-year backlogs. (Note: I used to own Vertiv and these industrials back in the day. My observation is they failed to hit ATHs, are expensive and crowded.) When I brought up Nvidia the response was ‘Well we don’t know their revenue picture 2 years from now…’ Actually, you do. See, all those backlogs you see at Caterpillar, GE Vernova, Vertiv, Powell, Comfort Systems, etc? What do you expect gets bought wh