NVIDIA (NVDA)
Despite worsening export controls, circular ecosystem investments, and rising ASIC competition, Nvidia's $97B free cash flow engine and still-rising estimates make the 12% drawdown an entry point.
Executive Summary
NVIDIA reported FY2026 (ended January 2026) revenue of $215.9B (+65% YoY), net income of $120.1B, and free cash flow of $96.7B — revenue grew 8x in three fiscal years. The company’s dominance in AI training hardware remains intact, underpinned by the CUDA software ecosystem and NVLink interconnect, though the competitive landscape is sh…
