Nvidia shareholder meeting: What to watch for
00:00 Speaker A
Usually a shareholder meeting, a kind of Humrum, right?
00:04 Speaker A
There are not many fireworks. Rubber is stamped. We choose the board. Perhaps a shareholder proposes something that the board hates and falls into flames. But tomorrow, you actually say
00:13 Josh Lipton
What can we do that we can see something, right? Because typically, companies tend to give a general look at how the business goes, right? They can comment on recent developments. And after all this is Jensen Wang. And it makes a very good yarn. Josh is re -confirming the expectations of Wall Street, to the extent that he says something positively said, that he says about a comment we’ve already talked about and about the big push of Blackwell, maybe about what I want to hear, or they will mature in our black production. Everything can happen. Nothing can happen. But we should pay attention.
00:55 Speaker A
In this portfolio you have Nvidia.
00:57 Josh Lipton
Street Pro portfolio? Definitely.
00:59 Speaker A
Enjoy after running, Chris, are you just sitting tightly here? Do you add? Is it a little snow booking?
01:05 Josh Lipton
Typically, we have a very difficult rule with the pro portfolio. If a position holds four and a half percent, we’ll start cutting it. Now, the NVIDIA position has not yet come to this point, even though we have a very strong and good dimension in the portfolio. So we’re watching. Therefore, some of the data points I follow can potentially turn us into that area. When entering July from June, Taiwan semiconductor monthly income numbers, three -month results, the same for Foxconn, these are good leading indicators. We will also watch what to say about Big Tech and the capital expenditure levels for the second half of the year. Do they say something early? Maybe not the official numbers, but in 2026 what capital expenditures may be. If we see that this is and is positive, this can really increase Nvidia further.
02:03 Speaker A
What if I can’t sell some nations, the yellow flag, that is, nvidia? What if Jensen can’t sell the last and largest AI chips to Beijing? Then what?
02:15 Josh Lipton
I think this was a lot of cooked. This is not a new conversation. Actually, I would turn upside down and say what we saw for AI and data center growth outside the USA? You know, and I’ve been a joke before, we’re out of the camera, you know, they’re building data centers in Armenia. You know, you can see if there are European versions or other countries of Stargate. And I think when selling blackwell, you know, there are some rooms for some other projects.
