Getting to grips with Nvidia
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 28 June 2023
⏱️ 6 minutes
🧾️ Download transcript
Summary
Our links:
Wall Street Breakfast:
Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.
Seeking Alpha Premium:
A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.
Alpha Picks:
Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.
Wall Street Breakfast on Twitter
Show links:
How do you value a chip stock like Nvidia?
Citi screens for most crowded short stocks with new model
More policy tightening coming from ECB, Fed, BOE, central bank heads say
General Mills drops after organic sales fall short of expectations
Pinterest pops as Wells Fargo upgrades, citing Amazon deal, 'strong catalyst path'
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action news and analysis. |
| 0:09.0 | Good afternoon. Today is Wednesday, June 28th, and I'm your host, Kim Khan. |
| 0:15.1 | Our top story so far in today's session. |
| 0:18.2 | Invidia has been the stock story of the year, and it's the stock story of the day. |
| 0:22.0 | That's coming off the report that Washington could |
| 0:23.7 | decide to curb AI chip exports to China. Analysts are weighing in for what |
| 0:28.4 | that could mean for NVIDIA the biggest beneficiary of the AI boom and that impact could be significant. |
| 0:34.4 | B of A's Vivek Aurea says that 7% of the company's total revenue and 10% of data |
| 0:40.1 | sender sales could be impacted. He has a buy on the stock and a price target of $500. |
| 0:46.0 | City analyst Atif Malik maintained his buy rating. He pointed out that China will account for 5% to 10% |
| 0:52.4 | of the $30 billion in total data center sales this year, but added |
| 0:56.4 | Invidia should be able to manage. |
| 0:58.7 | The leaks as overall AI demand will exceed supply this year and NVIDIA can move its chips around. |
| 1:04.8 | Moving from financials to the stock, Deutsche Banks Jim Reed looked at NVIDIA in his chart of the day |
| 1:10.5 | with an eye to valuation. The chart shows that |
| 1:13.2 | NVIDIA's price to sales ratio has gone from under 10 times in October to 40 times |
| 1:17.8 | over the last week. Compare that to the S&P 500 at 2.4 times and the NASDAQ at 3.6 times both on the high side of history. |
| 1:26.7 | Reed says, I'll be totally honest that I have absolutely no idea how to value NVIDIA. |
| 1:36.3 | He adds that as the world's six largest company it does matter to macro so it's tough not having a framework to value shares. While AI will be transformative, |
| 1:41.6 | the valuation looks stretched. |
| 1:44.1 | I'll put in a link to the full invidious stories and the show notes, |
| 1:47.3 | and you can also see the Deutsche Bank chart in our Wall Street lunch story on Seeking Alpha |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Seeking Alpha, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Seeking Alpha and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.