Nvidia Corp

After the tech sector drawdown, Nvidia's forward P/E has compressed to roughly 24x — Scott Galloway calls it 'not a bad store of value' at these multiples, representing a buying opportunity post-selloff.

After a drawdown that compressed tech multiples to multi-year lows, Nvidia's forward P/E has fallen to a level Galloway calls 'not a bad store of value' — a notable shift for a stock that previously traded at far richer valuations.

Meta's multi-phase partnership with Broadcom to develop custom AI accelerators validates Broadcom's XPU capabilities while signaling reduced reliance on Nvidia GPUs for inference workloads.

Google Cloud grew 48% to $17.7B last quarter with operating margins near 30% and a $240B backlog; custom TPU silicon lets it avoid the 'NVIDIA tax' and undercut rivals on AI inference pricing.

Google is the only hyperscaler with its own top-tier AI silicon, letting it avoid the 'Nvidia tax' and offer AI services at lower prices — with a $240B backlog and cloud margins that nearly doubled to 30.1%.

Companies with physical assets that benefit from data center buildout — Ciena, Dell, Corning, Broadcom, Nvidia, Jabil, SanDisk, Micron — are at or near all-time highs while software and Mag7 spenders lag.

Anthropic's revenue explosion from $1B to $30B annualized run rate in months demonstrates that hyperscaler CapEx spending will generate returns, refuting the AI bubble narrative.

Peterffy says IBKR cannot list outcome contracts on individual companies like Nvidia, Microsoft, or Google because anything touching a company's financials may qualify as a security under SEC jurisdiction — a regulatory ceiling on what he implies would be the market's most valuable product category.

SEC/CFTC jurisdictional ambiguity prevents Interactive Brokers from listing contracts tied to specific company developments (Nvidia earnings, Microsoft headcount) — resolution via merger or regulatory clarification would dramatically expand Forecast Trader's addressable market.

Anthropic's new deal to run on Google TPUs and Broadcom chips signals that the dominant AI company of the moment is choosing custom silicon over NVIDIA GPUs, suggesting AI startups may become less reliant on NVIDIA hardware over time.

Anthropic's new deal to run on Google's TPU chips rather than NVIDIA GPUs signals that hyperscalers' custom silicon could become a viable alternative, potentially reducing AI startups' reliance on NVIDIA hardware over time.

At 125x trailing revenue with only 20% growth, SpaceX's IPO valuation dwarfs Google's at-IPO pricing by over 10x while growing revenue 10x slower. The 30% retail allocation exists because institutions won't pay this price.

Despite dominant launch economics and Starlink's growth, the IPO prices at 125x trailing revenue on just 20% growth — compared to Google's IPO at 10x revenue with 240% growth. XAI has negligible enterprise AI market share, making the AI narrative hollow.

At 125x trailing revenue with 20% growth, SpaceX's IPO valuation is 10x richer than Google's was at IPO despite 10x slower growth. The 30% retail allocation signals institutional reluctance to pay this price.

Most super-cycle and AI infrastructure ETFs are dominated by Amazon, Google, Microsoft, Nvidia, and Apple — exposure investors can get for 2 bps via the S&P 500. Weighting by profit contribution to AI data centers across ~60 public stocks produces a fundamentally different and better-performing portfolio.

Nvidia delivers triple-digit revenue growth at scale, ~80% gross margins reflecting pricing power and operational discipline, and operating expense leverage — three independent signals McNeil explicitly calls 'three reasons to say yes to that stock.'

Industry-leading top-line growth at scale, ~80% gross margins showing pricing power and efficiency, plus operating expense leverage make Nvidia a three-for-three on key investment metrics.

NVIDIA generates ~$160B in revenue and ~$100B in earnings as the sole profitable player in the AI compute stack, while all downstream inference providers lose money on every query served.

Despite steep drawdowns in big-cap software names, there have been no actual earnings or margin revisions — the market is repricing in anticipation of AI disruption or simply broadening out, suggesting the selloff may be overdone.

NVIDIA is growing earnings at 80% yet trades below 20x — nearly matching the S&P 500 multiple — suggesting extreme market skepticism about sustainability that may represent a valuation opportunity.