Shares of Nvidia (NVDA) are reversing some gains after closing higher for four consecutive days. Radio Free Mobile Founder Richard Windsor joins Morning Brief to discuss his outlook on the company following this run.
Windsor emphasizes that Nvidia’s continued growth “depends on the overall macro.” For investors looking to enter the AI trade, he states that Nvidia is “the lowest risk way” to do so. However, he notes that investors must consider the broader market direction. Due to Nvidia stock’s nature, Windsor explains that if markets sell off, Nvidia will fall significantly, adding, “Consequently, I think it’s [Nvidia stock] going to go back and forth, I suspect in line or amplify the signal of the market rather than anything specific to Nvidia.”
With Nvidia’s next earnings report not due until November, Windsor states, “Very, very big growth is expected in the stock. The year-over-year comparisons start to become more challenging, and so obviously you’re gonna see the performance of the shares come back somewhat. And I think really that’s all what’s going on right here,” he told Yahoo Finance.
Despite near-term fluctuations, Windsor doesn’t expect any other semiconductor stock to “get close to Nvidia in this generation” in terms of market share.
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