Nvidia Throwback: An Example of Why Conviction Matters for Stocks
February 23, 2023
Beth Kindig
Lead Tech Analyst
The video below was originally recorded on August 8th 2022. You can view the full clip here.
Last August, Nvidia had a $2.5 billion revenue miss due to gaming and crypto mining related weakness. This caused the stock to selloff (8%) in one day. Many pundits were questioning if Nvidia could overcome the gaming segment weakness given Ethereum’s Merge to Proof of Stake would permanently reduce demand for gaming GPUs.
Charles Payne of Fox Business News asks Beth Kindig of I/O Fund if she still plans to hold the stock given the crypto mining surprise.
Her answer is fairly simple: “It’s a tough day for Nvidia investors but in the long run it’s not going to matter. We hold the stock for its lead in artificial intelligence. Anything outside of that thesis is not important to us. To be contrarian, data center is going to be up 61%, so for AI investors such as myself, we are right on track.”
Below is the I/O Fund trading history on Nvidia which shows why it’s important to have conviction in tech stocks. Due to having this conviction, the I/O Fund bought Nvidia at the low in October at exactly $108 with a real-time trade alert sent to their research customers.
You can view follow-up analysis on Nvidia here:
- Nvidia Stock: Evidence Gaming has Bottomed and Why It’s Important
- Nvidia Stock is Ready to Rumble with RTX 40 Series and H100 GPUs
Get Free Weekly Webinars Delivered to Your Inbox! Subscribe for Free Weekly Stock Analysis from Top-performing Analysts with 403% gains here:
Read More about I/O Fund’s Portfolio Returns:
More To Explore
Newsletter
“Tech Bubble” Warnings Cost Investors a 550% Nasdaq-100 Run
Investors have been hearing “tech bubble” warnings for more than a decade — but instead of collapsing, the Nasdaq‑100 has gained 550%. If we look back ten years ago to 2015, headlines such as “Sell ev
My Top 2026 Stock Pick for the AI Boom
The market is fixated on when Big Tech will generate economic value from the $650 billion+ being poured into AI data center expansion annually. The market is missing the point. Monetization has never
I/O Fund Jumps to 326% Cumulative Return, Ranking Among Wall Street’s Best
I’m pleased to share the I/O Fund’s audited 2025 return of 37%, bringing cumulative performance since our May 2020 launch to 326%. This represents a 294% lead versus popular tech ETFs and a 152% outpe
Bitcoin After the Cycle Peak: What Comes Next and How We’re Positioning
Bitcoin rarely rewards narrative-based investors for long. Time and again, it has shown a habit of reversing its dominant trend against the prevailing story of the moment. A large portion of the I/O F
S&P 500 Outlook 2026: Rising Volatility Risk and Key Support Levels
Since November 2021, when the equal-weight Mag 7 Index does not confirm a new high in the S&P 500, it has been a reliable signal of a weakening market environment. A similar divergence is occurring to
The Future of AI Stocks? TSMC Commentary Suggests AI Megatrend
TSMC is one of the least sensational management teams in the AI stocks space, yet management explicitly called AI a multi-year “megatrend” in their most recent earnings call, with demand now being pul
The $530 Billion AI Question: Which Big Tech Stock is Winning?
Big Tech is expected to invest $530 billion for building AI infrastructure in 2026, while the path to near-term monetization remains a question mark. As investor scrutiny around capital expenditure in
Palantir Stock 2026 Forecast: Is Its High Valuation Sustainable?
Palantir’s stock has defied gravity, delivering steady performance that no other AI software stock has come close to matching (yet). For investors, the Palantir thesis is two-fold: the company must co
Top 10 Tech Stocks of 2025: How the AI Trade Defied the Skeptics
The stock market in 2025 was a high-stakes tug-of-war between geopolitical tensions and the AI trade. Headlines were dominated by the DeepSeek fears, trade wars, tariffs, and persistent whispers of th
Nvidia & Beyond: I/O Fund’s Best Free AI Stock Research in 2025
We describe our newsletter as “free,” however the resources required to produce the research behind our weekly analysis are substantial. Delivering early, actionable insights consistently—and making t
