A tech investor says Nvidia’s board will force a successor | Sozzi Unleashed
Dan Niles has known Jensen Huang for thirty years and was an analyst who downgraded his entire coverage in 2000. He tells Brian Sozzi he hopes Huang keeps the job, and that it will not matter as much as people think either way, because the bench is deep and Apple did not collapse after Steve Jobs. His expectation is that a successor gets appointed and the board forces it.
He also puts a number on what the state elections did to the build-out, argues Nvidia at roughly twelve times earnings is not Cisco at a hundred in 2000, says most of a whole category of AI companies goes to zero, and explains why the rallies on the way down are the trap.
Featuring
Dan Niles, Founder and Portfolio Manager, Niles Investment Management
Full episode: https://www.youtube.com/watch?v=9AAT2TORRQU
Timestamps
0:00 What accountability looks like at Nvidia
1:04 Why he expects the board to appoint a successor
2:04 The trade he says has been taking on water since June
3:04 How much new data center capacity he puts at risk
4:04 The valuation case for Nvidia right now
5:13 Why he says this investment cycle is bigger than the internet
6:29 How he separates the job from the private life
7:40 Why a bust always follows a build-out
8:55 The rallies that happen on the way down
10:00 The three phases of AI, and why he says this is not the top
#Nvidia #DanNiles #AIStocks #NVDA #SozziUnleashed #YahooFinance
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