NVDA - Nvidia Corporation

Mentioned as one of the big semiconductor winners taking big hits. Ross advises anyone who has doubled or tripled their money since March to nail down profits and move on.

Nvidia is mentioned as the chip manufacturer shipping new GPU generations every 12 months. While central to AI infrastructure, the rapid obsolescence cycle (3 years) creates financial risk for companies buying the chips, making the broader investment landscape precarious.

NVIDIA is one of the top 10 S&P stocks that fund managers will sell first to raise cash for IPOs, and that index funds will mechanically sell due to rebalancing. Carries the concentration risk of the broader index.

The hosts have long-standing conviction on Nvidia. They mention holding through 2028 and looking for intermediate wins as it moves toward $240. The ecosystem around GPUs (memory, cooling, energy) remains strong.

Not building a quantum computer but building the connective tissue - NVQLink technology that bolts quantum processors onto GPU supercomputers plus software layer everyone's adopting. Picks and shovels play - doesn't need to bet on which qubit technology wins because all need Nvidia chips.

Nvidia is over 50% of the host's portfolio. He calls it the most dominant straightforward pick for AI infrastructure, with the fastest growth, best margins, and notes it is 'cheap as ever.' Nvidia is also investing in early-stage AI companies, similar to Google Ventures, with examples like a $100M investment in Coref that returned 20x.

Host has held since 2017, considers it undervalued even as the world's largest company. Dan Loe said Nvidia is undervalued by all metrics. Direct beneficiary of AI compute buildout and recursive self-improvement acceleration.

Host explicitly warns that Nvidia could crash and be down for years or decades, just like Intel and Microsoft after the dot-com bubble. He says he got out of his AI positions to avoid holding overvalued stocks.

Listed among 15 stocks approaching intrinsic value (6-9% return range). Paul will give deeper look if prices fall further in a correction.

Host sees Nvidia as the primary beneficiary of AI buildout. No dilution expected — instead buying back $130B in stock. All other Mag 7 companies are diluting to buy Nvidia products. Up 6% in overnight markets on SK Hynix partnership news.