NVDA short pitch:
– A better short than $TSLA.
– Cyclical business, that sells to cyclical tech companies.
– A short squeeze has popped these shares +100% in 3 months without any material news.
– NVDA is crazy expensive at 44x likely peak 2022 EBITDA with deteriorating fundamentals and a speculative holder base.
– Similar trading pattern with NVDA stock has already been observed in late-2002 when it peak on earnings and equity valuation.
NVDA valuation:
– Trades at 44x 2022 and 60x 2023 EBITDA.
Exp. gain: Not specified.
Full write-up (free guest account required):
https://www.valueinvestorsclub.com/idea/NVIDIA_CORP/5299551880