Why this veteran analyst is cautiously optimistic on Nvidia

Stephen “Sarge”Guilfoyle joins TheStreet to share his take on Nvidia.

Transcript

00:00So you've brought up NVIDIA. So tell me, we've seen NVIDIA skyrocket this year. It stumbled a bit

00:06late in the summer. Also, Palantir, it was like all those stocks kind of did the same thing.

00:10Then it's recovered. Now it's pretty much at all-time highs, NVIDIA. Do you expect another

00:15year of explosive growth for NVIDIA stock? I'd love to let you know after November 20th

00:22when I report, but I am still long in the name. I am a little concerned that the chart may be

00:27forming something of a double top. That has never stopped them before. It's just something I have

00:32to keep an eye on. And probably, I would rather they consolidate just a little bit. The chart

00:39consolidates just a little bit going into that report in about a month's time. Because if it

00:43doesn't, then it'll be setting itself up for some disappointment. Right here at this price,

00:48I think with Yen Tsun Wang working his magic during the call like he usually does, I think

00:53they'll be able to set themselves up. From what we're hearing, Blackwell's sales are going fine.

00:59Demand is through the roof. Is that all just hype? I don't think so because they've knocked

01:06the cover off the ball now for what, five or six quarters in a row. So I don't doubt NVIDIA going

01:12into next quarter, this quarter. I just wonder how far we can go with this before margins at

01:18least contract.