Todd Gordon Urges 7% Nvidia Weighting as Growth Slows From 60%-100% to 15%-20%

1 articles · Updated · CNBC · Jul 22

Nvidia holders should focus less on whether to sell and more on position size, Todd Gordon argued, saying a roughly 7% weighting — in line with the S&P 500 — is a sensible baseline.
Gordon said Nvidia still dominates more than 90% of the data-center GPU market and has powerful moats in CUDA software and product cadence, but its explosive phase is likely over as scale makes another 13-fold surge unrealistic.
Growth is still expected to be strong, with EPS projected at $4.77 in fiscal 2026, $9.00 next year and $15.98 by 2029, even as annual revenue growth decelerates toward 15%-20%.
Competition is becoming more credible: AMD is shipping its Helios rack-scale AI system to customers including Microsoft, and custom ASIC chips from hyperscalers such as Google add pressure on Nvidia's premium GPU franchise.
On valuation and trading, Gordon said Nvidia has been largely range-bound and identified $167-$153 as a support zone, suggesting investors trim only if their total Nvidia exposure sits meaningfully above the 7% benchmark.