You know that awkward moment when two of your smartest friends completely disagree about something? That’s basically what’s happening with Nvidia right now, except your friends are legendary Wall Street analysts and the “something” is a trillion-dollar stock that could make or break your portfolio.
Meet our contestants: In the blue corner, we have Louis Navellier, the guy who told his subscribers to buy Nvidia back in 2019 (yeah, those people are up 4,000% and probably buying yachts). In the red corner, Eric Fry, who thinks even great companies can become terrible investments when everyone gets a little too excited.
Team Bull: “Jensen Huang is the New Steve Jobs”
Louis isn’t just bullish on Nvidia – he’s practically writing love letters. His argument? When Nvidia’s CEO Jensen Huang speaks, the entire AI world stops scrolling TikTok and pays attention. And those recent earnings? Chef’s kiss.
The numbers are honestly ridiculous: $57 billion in quarterly revenue (up 62%), with data centers alone bringing in $51.2 billion. Plus, they’ve got $500 billion in orders booked through 2026. That’s not just sold out – that’s “sorry, we’re booked until your kids graduate college” sold out.
Louis sees this as the early innings of the AI revolution. While everyone’s debating whether AI is overhyped, he’s watching Microsoft, OpenAI, and others throw billions at AI infrastructure like it’s Monopoly money. His take? We’re not even close to peak AI spending.
Team Bear: “Great Company, Scary Price Tag”
Eric isn’t here to trash Nvidia – he admits it’s a fantastic company run by brilliant people. But here’s his “yeah, but” moment: just because something is amazing doesn’t mean you should pay any price for it.
His concerns are pretty logical. First, Nvidia’s margins are already slipping (from 76.4% to 73.4% – still insane, but trending down). Second, their biggest customers are also becoming their biggest competitors. Google, Apple, and Meta aren’t just buying Nvidia chips anymore; they’re building their own to cut Nvidia out of the picture.
Plus, some heavy hitters like Peter Thiel and Michael Burry (yes, “The Big Short” guy) are either selling or betting against the stock. When the smart money starts heading for the exits, Eric pays attention.
The Real Question: What Should You Do?
Here’s where it gets interesting – both analysts agree AI is transformative and will create massive wealth. They just disagree on whether Nvidia at current prices is the best way to capture that wealth.
Louis is staying put with Nvidia as a core holding while also hunting for under-the-radar AI infrastructure plays. Eric is rotating out of mega-cap AI darlings into earlier-stage, undervalued companies that can ride the AI wave without the nosebleed valuations.
Meanwhile, tech expert Luke Lango offers the most practical advice: “Don’t try to catch falling knives.” Wait for clear support levels and confirmation before jumping back in. The AI boom isn’t going anywhere, but neither is the need for patience and discipline.
The bottom line? Even the smartest people in the room can look at the same data and reach different conclusions. The key is figuring out which approach matches your risk tolerance and sleep-at-night factor. Because at the end of the day, the best investment strategy is the one you can actually stick with.