Hans C. Mosesmann, Managing Director, Rosenblatt Securities
Nvidia (NASDAQ:NVDA) and Marvell (NASDAQ:MRVL) are buys and short Intel (NASDAQ:INTC) is the trade of the year according to Hans C. Mosesmann, Managing Director of Rosenblatt Securities Inc.
Prior to joining Rosenblatt Securities, where Mr. Mosesmann is a long-standing analyst, he was an electrical engineer who spent a decade working at the chipmakers Texas Instruments (NASDAQ:TXN) and Advanced Micro Devices before moving to Wall Street in 1996.
Mr. Mosesmann spent a decade at Raymond James & Associates, Inc. (NYSE: RJF) covering the semiconductor industry.
Prior to that, he worked as an equity analyst for several boutiques, including Needham & Company, LLC, Volpe Brown Whelan & Co. and Soundview Securities, as well as Prudential Securities.
Mr. Mosesmann holds a Bachelor of Science in electrical engineering from the University of Florida and an MBA in finance from Loyola University of Maryland.
His current recommended trade is long Nvidia (NASDAQ:NVDA) and Marvell (NASDAQ:MRVL) and short Intel (NASDAQ:INTC)
“Our favorite ideas, and they have been for some time, are Nvidia (NASDAQ:NVDA) and Marvell (NASDAQ:MRVL). We’ve been an extreme bear, if you will, on Intel, very focused on some of the structural problems that they have that the Street is just starting to internalize.”
The long term semiconductor equity analyst is a big Nvidia (NASDAQ:NVDA) bull:
“Nvidia, without a doubt, is at another level, and I think the valuation supports that. You can’t even consider them anymore as a semiconductor company. They’re something else. They’re bigger than that. They’re so powerful that it may be that nobody will ever be able to compete with them.
In order to compete with them, you probably need the entire industry to kind of coalesce and say, OK, we’re going to see if we can stop this. Because going with Nvidia, you really are marrying into a somewhat proprietary kind of platform and structure, and a lot of people don’t like that.
What you might end up seeing is something like we saw over the past 15 years or so with the smartphone market, where you’ve got a proprietary, very powerful and very strong technology roadmap with iPhone, and then you have an Android kind of open platform supported by the rest of the industry.
You have coexistence with those kinds of dynamics that look like they can play out here over time with the Nvidias of the world, as they do battle and collaborate with the Amazons (NASDAQ:AMZN) and Metas (NASDAQ:META) and Googles (NASDAQ:GOOG) of the world.
We’re big fans of how you look at AI — which is very, very early — as it migrates from the cloud, from training of modalities.
Nobody makes money training, you make money producing or going to an inference type of mode, and that’s going to happen more and more at the edge.
Not in the cloud, but between that smartphone or that PC that’s in your office or at home and the cloud.
So everything in between is going to have an AI presence. That includes industrial markets, IoT base stations, and so on.”
Get the complete picture of the AI semiconductor stock boom by reading the entire 2,337 interview, exclusively in the Wall Street Transcript.
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