Melius' Ben Reitzes on why Nvidia remains his top chip stock

Ben Reitzes, Melius Research head of technology research, joins 'Squawk Box' to discuss the recent global chip stocks rally, AI chips demand outlook, his top chip stock pick, and more.

[brianwhitehawker]

I already own shares of NVDA, PALANTIR, TSLA, and APPL as well. Sure, I don't mind having these equities sit around for a while, but I'd also like to appreciate short-term opportunities that could fetch $200, 000

[MesutMilleliri]

I think it's important to stick to stocks that are immune to economic policies. I'm looking at NVIDIA and other AI stocks that have the potential to power and transform future technologies. It seems AI is the trajectory most companies are taking, including even established FAANG companies

[PaulsByarses]

I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market Because 35% of my $470k portfolio comprises plummeting stocks that were once revered and I don't know where to go here out of devastation.

[matt.stevick]

nvda the literal goat as well for the next few decades at least.

[syedarmaghanhassan]

Ben Reitzes = Bull's Eye! 🎯
Stacy Rasgon, it's your turn now!

[brutebiz]

Agree with his Google assessment. But honestly wouldn't be adding to NVDA at this juncture. The chart looks bearish and it keeps making lower highs since the stock split.

[dianarabbanii]

The setback with NVIDIA’S Blackwell line gave the market pause, and many of the speculators abandoned the stock. But, NVIDIA fundamentals, especially the high demand for their products, are rock solid. I don't mind having to hold it for a while, but I'd also like to appreciate short-term opportunities to make additions to my $500K portfolio, to boost performance. Here for ideas...

[Rdrar]

Problem is: Everybody already knows it... So it's priced to perfection

[jessenorwalt]

The future could happen exactly like he says, and some of these semi stocks could still be bad investments. If it gets commoditized or if other tech companies slow down their investment in the space it could wipe out a lot of the semi plays. doesn't mean it's going to happen, but it is a real risk that should be factored in. The more they can move towards services and recurring revenue the more sustainable it is. It's why apple is going to be such a good long term play, the hardware is moderating growth, but the software that's built on it and the services will continue to grow at huge sustainable rates regardless of economic climates.

[JuliansWattses]

What are the best strategies to protect my portfolio? I've heard that a downturn will devastate the financial market, so I'm concerned about my $200k stock portfolio.

[ChrisThomas-mq]

I believe investors should focus on under-the-radar stocks, especially given the present rollercoaster nature of the stock market. 35% of my $270, 000 portfolio consists of collapsing stocks that were previously respected, and I don't know where to go from here.

[ziadin]

Nvidia is a sharp falling knife.
Share price kept dropping.

[pentagon]

In these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.

[LewisMabel-zy]

Lopez Christopher Taylor Angela Williams Linda

[LukeJ.Farmer]

"Given the current market trends, I'm looking to partner with an experienced investment advisor. Any recommendations?"