NVIDIA's stock has been hammered recently by competition and a write down, but after listening to the conference call today, I was reminded why I loved the stock so much in the first place.
Jen-Hsun basically addressed every single problem head on that they were experienced, which is exactly what I want to hear from a CEO. I hate hearing BS, and just want a CEO who shares the same concerns as I do.
NVDA's strategic position in the market is being challenged from competition from AMD, but that will probably change in a year. These two companies have been trading the lead back and forth for years, and they continue to grow.
I can go into details, but my final decision is really based on intuition. I know NVDA is a great company that is not going anywhere. At this current price, there is really no downside risks and the potential for a multi-bagger in the coming years.
Now is the time to back up the truck. I am even considering buying some margin.
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