To the Cloud (And Beyond): Nvidia

ToP Investor’s Letter: Volume CI, Issue #13

Nvidia ( NVDA) typically needs no introduction to regular ToP Investor’s Letter readers. The semiconductor powerhouse straddles growth trends like artificial intelligence (Al), autonomous vehicles, cloud computing, and more, And while several of our holdings comprise decidedly non-tech shares that leverage AI for competitive advantage, we won’t overlook technology pure plays like Nvidia.

The company has been on a tear, returning nearly 5,000 percent over the last decade. We expect continued growth as we ride technology trends into the future, particularly with Al and the Cloud. The current global semiconductor shortage, while expected to be less severe in 2022, should bode well for Nvidia’s prospects.

One key risk in the near term is pushback over competition concerns from regulators looking into Nvidia’s attempted $40 billion acquisition of Arm Ltd. from SoftBank.

The company executed a 4 for 1 stock split as of July 20. The dip earlier this past week allowed us to pick up shares at $187.39 per share.

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Nvidia’s Applied Research Accelerator Program is helping citrus growers fight a terrible disease called “citrus greening” that kills of trees. Along with Professor Yiannis…