Nvidia: No Reason For An AI Panic


  • Nvidia Corporation slumped 10% last Friday without any negative data points, as the market interpreted AI-related data as negative.
  • TSMC guided to strong 2024 growth rates of over 20% due to AI demand.
  • Super Micro Computer’s lack of a guide up for the March quarter does not indicate a sudden drying up of AI demand.
  • The stock is fairly valued at 25x FY26 EPS targets, though investors need to ultimately price in margin compression in the future.

Nvidia Corporation building in Taipei, Taiwan.


The stock market wasn’t in a good mood last week and the AI stocks took a beating. Nvidia Corporation (NASDAQ:NVDA) slumped 10% on Friday and over 200 points from the high from last month without even

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