Stewart Asset Management Team at Ingalls Investment Management, LLC on NVIDIA Corporation
Thesis
Stewart views Nvidia as one of the key suppliers of the picks and shovels powering the artificial intelligence buildout. The company designs advanced chips required for AI infrastructure and has been owned by the portfolio for almost eight years. Stewart believes the AI trend is comparable to previous major technology adoption cycles, where leading businesses could continue increasing their underlying value despite volatile share prices.
“Nvidia, which we have owned for almost eight years, and Broadcom, which we have owned for about three years.”