EFM's John Wylie pitches Nvidia at Sohn Hearts & Minds Conference 2026.
What a day for an Nvidia pitch! That’s what John Wylie of Hong Kong-based EFM Asset Management has done on a day when the world’s largest stock tanked 9.3 per cent.
“Nvidia is trading like a value stock, albeit we think with a growth profile that remains intact,” Wylie told the audience.
“Over the past year, Nvidia’s revenue growth estimates for its AI data centre segment have roughly doubled. Over exactly the same time period, the multiple that the market is willing to ascribe to that growth profile has been more than cut in half,” he said.
It’s a brave pitch on a day of AI destruction.
“The market is clearly concerned that Nvidia’s moat is either at risk, and/or the market is concerned that the dramatic infrastructure build-out that’s required to support these growth metrics simply will not occur.”
To be clear, this is not the former banker, activist investor and part owner of Melbourne Cup winner John Wylie. This John Wylie is a senior portfolio manager at EFM, which was founded by another investment banker Jeff Emmanuel, and manages money for individuals and high net worth individuals.
This article was originally posted by Australian Financial Review here. Licensed by Copyright Agency. You must not copy this work without permission.
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