As the market swooped in to pummel Nvidia’s shares in January, one curious investor couldn’t help but buy more. Brad Lamont, founder of Pivotal Software, claims that he “couldn’t resist” snapping up even more of the graphics chip maker’s stock during the sell-off, a move that proved to be a shrewd one—his bet on Nvidia have since produced massive gains.
According to Lamont, the opportunity to buy shares at a discount following the January rout was simply too enticing to pass up. “I think what happened is people got scared, and they were selling based on their emotions rather than the fundamentals,” the investor explained. “But we looked at the company’s underlying business, and we saw that the same factors that make it successful today are still in place.”
For Lamont, those factors include Nvidia’s continued dominance in the field of artificial intelligence, the growing demand for its data center and gaming products, and the company’s consistent history of delivering strong financials. He also credited the company’s CEO, Jensen Huang, for his leadership and ability to navigate the complex and ever-evolving tech landscape.
As the market continues to go through its share of ups and downs, Lamont’s actions serve as a reminder of the importance of keeping a level head and sticking to one’s convictions. By ignoring the noise and focusing on the fundamentals, savvy investors like Lamont are reaping the rewards of their shrewd moves. For Nvidia, meanwhile, the company’s strong financials and forward-thinking strategy are propelling it forward, with no signs of slowing down anytime soon.
