This is the conclusion of today’s Morning Brief, which you can read Sign in Delivered to your inbox every morning, along with:

I’ve never been one to have a cluttered desk at work.

For me everything has its place. Great desk organization, great results, that’s how my mind works.

But by Friday’s trading deadline, I was slightly violating that rule. In the future, I will pin a paper cutout of Nvidia (NVDA) CEO Jensen Huang in his signature leather jacket to the blackboard (see image below). And I’ll tell you why.

For an entire day this week I forgot to check Nvidia’s stock price 10 times a day as usual – only 5 times. I let myself (and all of you down) because in the blink of an eye, Nvidia stock fell back to the same highs at the end of the week after a quick sell-off from record highs on Monday.

I missed it!

The stock rose 13% in October, wiping out the 1.4% gain for the S&P 500. So is AMD (AMD) stock down up 5% this month, similar to Intel (INTC).

So Jensen’s face on my desk reminds me to check Nvidia’s stock price and fundamentals several times a day. And I want to ask everyone I meet about Nvidia, even people who aren’t in the chip space (as I did this week at an annual CEO dinner hosted by Bill McDermott, CEO of ServiceNow (NOW). became).

Here’s what I remembered as I returned to an Nvidia obsession: Something insanely bad from a company-specific perspective will be the only thing that lets this market darling down for any length of time. To be honest, I can’t imagine where this insanely bad stuff will come from in the next few quarters.

Neither do the array of plugged-in characters I chat with every week.

“I don’t think there’s any hype at all with Nvidia. I’ve known Jensen for decades and he’s the real deal. What these guys are doing is very real and very powerful,” C3.ai ( AI founder and CEO Tom Siebel told me on Yahoo Finance’s Opening Bid podcast (video above; listen below).

Hey Sam Altman, you should see what Siebel thinks about your latest review…

Antonio Neri, CEO of Hewlett Packard Enterprise (HPE), has known Jensen for ages. I didn’t get the impression that Nvidia’s products were anything other than hot sellers when I spoke with him and Seana Smith on Yahoo Finance’s Catalysts.

“If you think about the big (cloud) providers, they want to come to market with the latest technologies. And of course Blackwell is a key component in this as they move from air cooling to liquid cooling. “Power density and more performance, and they’re on the right track to achieve that,” Neri said of Nvidia.

The story continues

Speaking of Blackwell – Nvidia’s new ultra-high-power AI chip – the analyst community feels like it’s poised to raise its fourth-quarter earnings forecasts due to better-than-expected demand.

“We believe demand is outstripping supply by 15:1 for Nvidia, and the Street recognizes that this AI party is still happening at 9pm and is being led by the Godfather of AI Jensen and Nvidia. TSMC had monster (earnings) numbers, and Blackwell looks like it.” “An Aaron Judge debut is coming,” Wedbush analyst Dan Ives told me.

The JPMorgan team estimates Blackwell’s fourth-quarter revenue from Nvidia to be “several billion dollars.” If this happens, it will be huge and underscores the desire to build an AI infrastructure.

Believe me, I view Nvidia, like all the companies I report on, very critically.

But my goodness, it certainly looks like Nvidia’s return to beast mode makes a lot of sense – as does a cutout of Jensen on my desk.

“Jensen is an innovator, a great leader, a great operator. You can’t count these people out,” Siebel added.

Three times a week I have insightful conversations with the biggest names in business and markets Opening bid. You can find more episodes on our Video Hub. You take care preferred streaming service. Or listen and subscribe Apple Podcasts, Spotifyor wherever you find your favorite podcasts.

Brian Sozzi is Editor-in-Chief of Yahoo Finance. Follow Sozzi on X @BrianSozzi and further LinkedIn. Tips on deals, mergers, activist situations, or anything else? Email [email protected].

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