The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 11 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Batnick: Nvidia got cheaper during its run as EPS sextupled
“So Nvidia has gotten cheaper. Over the course of the run, because the fundamentals have outrun even the incredible share price. So over the last, so last year Nvidia earned a dollar nine. That was her earnings per share. Over the last 12 months, it's done six …”
Batnick: Nvidia could drop 50% without proving the bears right
“Can this thing get cut in half? Absolutely it can get cut in half. But does that prove the, does that prove that the bears were right? I don't think so. Growth stocks get cut in half all the time.”
Batnick: Missing Nvidia hurts Cathie Wood's innovation fund credibility
“She sold it before the run and listen, she has a difficult job, but to make matters worse, like she never got back on and there was a lot of opportunity for her to do so. And when you market yourself as the innovation fund and you miss the biggest innovation o…”
Batnick: No trillion-dollar company has ever grown as fast as Nvidia
“There has never been a company of this size growing this quickly.”
Batnick: Nvidia will never match Apple's portfolio ubiquity as a brand
“No, no, it can't. I think the reason why Apple became so ubiquitous in portfolios across America is because the brand, the products became so ubiquitous across America. I don't know what the average American has in their house in terms of the iPhone, maybe an …”
Batnick: Nvidia trades at 40x forward earnings compared to Cisco's dot-com 130x
“Cisco got as expensive as I think it was a 130 forward times earnings. Right now NVIDIA is trading somewhere between 40, let's call it 40 times forward earnings.”
Batnick: Nvidia has earned a valuation premium above market multiple
“I don't know what the right answer is, but it probably shouldn't be trading at a market multiple, call it 20 times or so, so it certainly has earned a premium that it's trading at.”
Batnick: A 13% three-day drop is normal for high-growth stocks
“What happened over the last three days is abnormal in terms of the market cap losses, but for a company that's doubled and doubled again and doubled again or whatever the performance has been, for it to lose 13% in three days is completely normal. I mean, that…”
Batnick: Cisco stock collapsed post-bubble despite 15% earnings growth
“Cisco, the business, compounded its earnings at something like 15% in the 15 to 20 years after the bubble burst. The stock got destroyed because it wasn't discounting 15 to 20% earnings per share growth. It ended up discounting like 40 to 50%.”
Batnick: Nvidia is only the 12th company to lead the S&P 500
“It's only the 12th or 13th company over the last hundred years to wear the crown of the number one company in the S and P 500. It's there's not been a lot of turnover at top. There's only 12 names and NVIDIA is one of them.”
Batnick: Only 14 S&P 500 companies exceed Nvidia's $430B three-day loss
“There's 14, there's 14 companies in the S&P 500 that are bigger than the market cap that was raised in three days. That's it. Only 14 companies are more than four to thirty billion dollars. That's as big as MasterCard and it did it in three days.”