Today we will have delivered three More Tales From Nvidia (representing 213 issues since inception two years ago).
FWIW since Nvidia ($NVDA) hit $130 in mid-2024, coincident with More Tales From Nvidia, it has been the worst stock to own in the AI space.
The shares retraced to $100 twice. It is all of $190 and change now. And that is with, after it hit $130, the U.S. government throwing its entire might behind AI from a policy perspective AND all the crazy circular financing and bought revenue. And still only the move to less than $200.
At the same time, almost everything else on the supply side of the space is up 5x or 10x.
Yup, NVDA been the worst stock to own on the supply side by far.
I have just gotten started… as there are More Tales to come!
Doug Kass is a world-renowned hedge fund manager with decades of experience and success navigating through some of the most turbulent periods in market history. He is known for his time-tested analytical skills and ability to look past the current noise and herd mentality.
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