Saul,
I’d love to hear your rationale for taking this position.
NVDA is a company I keep waffling on, and have been for years. They have had a decent run up in the past two years or so. But I just can’t get past the fact that hardware companies as a category, grow much more slowly than software companies. And all it takes is one bad chip design to send them spiraling down for several quarters to undo all the growth they’ve accumulated previously.
I do really like NVDA as a company, their CEO and other executive leadership, and their product. And maybe the combination of cryptocurrencies, AI, and eSports will be the thing that drives them forward for years to come.
But it’s still hardware, and hardware still, overall, tends to grow more slowly, and have more physical limitations/risks associated with it than software.
Perhaps I’m too hung up on the hardware aspect of it.
Anyway, I would enjoy hearing your thoughts.
Paul