EP.004: Nvidia ($NVDA): As Good as it Gets

The discussion centers on the debate surrounding Nvidia's valuation, with a focus on whether its current growth rate and market dominance are sustainable. D.A. Davidson's Gil Luria provides insights into the perspectives of Nvidia's major customers like Microsoft, Amazon, and Google, highlighting their potential shift towards developing in-house chips and the impact of diminishing returns on AI investments. Luria argues that Nvidia's strategy of managing supply and expanding its customer base to include entities like CoreWeave and Chinese firms may extend its peak but also introduces risks related to market saturation and pricing pressures. The conversation explores the potential for a significant downside in Nvidia's stock price if revenue growth slows and its high earnings multiple contracts.