To The Moon

Jeffrey Emanuel says Wall Street banks that are bullish on Nvidia 'have absolutely no idea what they're talking about'. Last Friday afternoon, Jeffrey Emanuel sat down in his Brooklyn apartment and started writing a blog post. For hours, he pounded away on his keyboard while his wife kept their young children occupied and brought him food. Emanuel worked late into the night, and by early Saturday morning he had written nearly 12,000 words.Emanuel's argument shook Silicon Valley not because he claimed that the big U.S. technology companies were misleading or deceitful. His main point was simply that they were nowhere near as smart and efficient as Wall Street was touting them as. The big tech companies had built and trained their artificial-intelligence breakthroughs using tremendous amounts of data and advanced compute resources that required them to pay for Nvidia's data-center hardware, which is sold at very high gross margins. Emanuel pointed out that a China-based co

Let's find out.Big-Tech Outsider On Both Growth & SpendingThere are plenty of stages in a successful company's life, but Peter Lynch's three broad stages provide a useful framework.There's the "Fast-grower" stage, during which the company is typically unprofitable but growing fast . Then, there's the "Stalwart" stage, which is defined by 10%-15% growth, with rising profits and operational leverage. Lastly, there's the "Slow-grower" stage, where a large company is growing at a low-single-digit pa