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
Broadcom Stock: The Silent Winner in the AI Monetization Supercycle
The AI accelerator market will inevitably widen beyond Nvidia’s GPUs - the keyword is widen. More players will sell more AI systems as the market expands, and that growth supports both the clear leade
Nvidia Stock and the AI Monetization Supercycle No One Is Pricing In
Two weeks ago, Nvidia blew the doors off with an earnings report that defies the company’s mega-cap scale. The long-awaited Blackwell and Blackwell Ultra architectures are shipping in volume, leading
I/O Fund Called the Bitcoin Selloff: What Liquidity & DXY Data Predict Next
In August, the I/O Fund warned that Bitcoin was entering a high-risk phase as global liquidity stalled, and sentiment patterns flashed caution. Since then, Bitcoin has fallen more than -35%. In this a
Why Nvidia Stock Could Reach a $20 Trillion Market Cap by 2030
The headline that Nvidia could reach a $20 trillion market cap by 2030 will trigger plenty of emotion — it sounds fantastical, full of hype, or like a prediction made far too early in the AI cycle. Ye
Big Tech’s $405B Bet: Why AI Stocks Are Set Up for a Strong 2026
AI accelerators such as GPUs and custom silicon need no introduction. Compute has led the AI boom; a trend so powerful, it is displacing the FAANGs of the last decade with Nvidia firmly the world’s mo
Market Cycles, Not Headlines: What History Says About the 2025 Rally and What Comes Next
Despite how it may seem, modern-day narratives rarely drive market swings. Tariffs, political headlines, niche trends like rare earth materials, or speculation about which company OpenAI partners with
Decoding the S&P 500: When Human Sentiment Meets Artificial Intelligence
Less than one-fifth of the U.S. economy is expanding, yet this small segment is growing at such a blistering pace—driven by AI-related spending—that it continues to hold up the rest of the economy. We
TSM Stock and the AI Bubble: 40%+ AI Accelerator Growth Fuels the Valuation Debate
Taiwan Semiconductor (NYSE: TSM) recently announced fiscal Q3 earnings, stating its longer-term AI revenue outlook is stronger than anticipated. The company reported record Q3 revenue of $33.1 billion
Micron Stock Up 120% YTD: What the HBM Memory Leader Plans for 2026
Micron’s stock is up 120% YTD – or 3X more YTD than AI heavyweight Nvidia. Recently, the high-bandwidth memory content that Micron supplies has increased 3.5X between GPU generations, leading to a qui
Palantir Stock Forecast 2025: Can PLTR Justify Its High Valuation?
Palantir leads the AI software pack in terms of strong earnings reports this past quarter as the company achieved significant milestones, the most impressive being US commercial revenue grew 93% YoY a
