No Change in Portfolio

We will not make any changes to the portfolio this week.

Last week has been ups and downs for our portfolio, but, still performed better than S&P 500. ALRM shares went down more than 10% even though they beat the analyst estimates. This can happen if some investors are following ‘sell on good news’. We believe the stock will come back up. Only time will tell if our belief is correct.

NVDA rose more than 5% after it beat earnings. Chip sector is hot these days mainly driven by the demands for the chips in emerging technologies like AI (Artificial Intelligence), VR (Virtual Reality), Data Centers (driven by cloud computing and internet), Driverless Automobile etc. I remember reading more than 15 years ago, when the founder of NVDA saying that GPU should be the main component of PCs and CPU etc should be after that (do not remember exact wordings, but, in essence that is what I read). That statement is becoming more true now a days.

Happy investing!


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