Key Takeaways
- • EFM Asset Management's John Wylie flagged Nvidia as attractive after its earnings multiple more than halved over the past year, even as revenue growth expectations for its AI data centre business roughly doubled.
- • Milford Asset Management's Andrew Curtayne backed ASML for its dominant position in extreme ultraviolet lithography, a technology essential to manufacturing advanced semiconductors.
- • Antipodes Partners' Vihari Ross recommended Walt Disney on improving streaming profitability, strong sports broadcasting cash generation and growth potential in its cruise business.
- • Marathon Resource Advisors' Robert Mullin estimated roughly 86% upside in Harbour Energy from its previous closing price, while Terra Capital's Jeremy Bond forecast 300% production growth over two years at G Mining Ventures.
- • The picks came as technology shares sold off sharply, with Nvidia shares falling 9.3% on Thursday over concerns about AI infrastructure spending and potential regulatory intervention.
Summary
Hedge fund and investment managers presenting at the Sohn Queenstown conference identified investment opportunities in Nvidia, Disney and ASML despite heightened market volatility and a sharp selloff in technology stocks, according to Bloomberg. The selections spanned technology, consumer, financial services and commodities.
EFM Asset Management's John Wylie highlighted Nvidia following the recent decline in semiconductor stocks. He noted that the chipmaker's earnings multiple has more than halved over the past year, even as revenue growth expectations for its AI data centre business have roughly doubled. Nvidia shares fell 9.3% on Thursday amid concerns over AI infrastructure spending and potential regulatory intervention. Milford Asset Management's Andrew Curtayne also backed the semiconductor sector with Dutch chip-equipment maker ASML, citing its dominant position in extreme ultraviolet lithography as a significant competitive advantage despite recent weakness in technology shares.
Consumer and other picks included Antipodes Partners portfolio manager Vihari Ross's recommendation of Walt Disney, based on improving profitability in its streaming operations, strong cash generation from sports broadcasting and growth potential in its cruise business. Indus Capital's John Pinkel selected Japanese confectionery producer Kotobuki Spirits, and Cymer Capital's Samantha D'Amore highlighted Fast Retailing, citing expansion opportunities for the Uniqlo owner in the US and Europe. Northcape Capital selected South Korean water purification company Coway, and Azora Capital's Ravi Chopra recommended US wealth manager LPL Financial.
In energy and commodities, Marathon Resource Advisors' Robert Mullin identified Harbour Energy as undervalued, estimating upside of approximately 86% from its previous closing price. Terra Capital's Jeremy Bond backed Canadian gold miner G Mining Ventures, forecasting production growth of 300% over the next two years as its Brazilian operations expand. The range of picks reflects managers' search for opportunities as concerns over AI valuations and changing US policy drive increased market volatility.
EFM Asset Management's John Wylie highlighted Nvidia following the recent decline in semiconductor stocks. He noted that the chipmaker's earnings multiple has more than halved over the past year, even as revenue growth expectations for its AI data centre business have roughly doubled. Nvidia shares fell 9.3% on Thursday amid concerns over AI infrastructure spending and potential regulatory intervention. Milford Asset Management's Andrew Curtayne also backed the semiconductor sector with Dutch chip-equipment maker ASML, citing its dominant position in extreme ultraviolet lithography as a significant competitive advantage despite recent weakness in technology shares.
Consumer and other picks included Antipodes Partners portfolio manager Vihari Ross's recommendation of Walt Disney, based on improving profitability in its streaming operations, strong cash generation from sports broadcasting and growth potential in its cruise business. Indus Capital's John Pinkel selected Japanese confectionery producer Kotobuki Spirits, and Cymer Capital's Samantha D'Amore highlighted Fast Retailing, citing expansion opportunities for the Uniqlo owner in the US and Europe. Northcape Capital selected South Korean water purification company Coway, and Azora Capital's Ravi Chopra recommended US wealth manager LPL Financial.
In energy and commodities, Marathon Resource Advisors' Robert Mullin identified Harbour Energy as undervalued, estimating upside of approximately 86% from its previous closing price. Terra Capital's Jeremy Bond backed Canadian gold miner G Mining Ventures, forecasting production growth of 300% over the next two years as its Brazilian operations expand. The range of picks reflects managers' search for opportunities as concerns over AI valuations and changing US policy drive increased market volatility.
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