NVDA is undervalued at $234 vs $335 fair value; strong AI demand and sold-out supply support a bull thesis despite competition concerns.

These are Amazon, Netflix, Uber, Nvidia, Pinterest, Meta, Visa, Adobe , and McDonald's. Let me explain why I believe these stocks represent excellent value at the moment.

Speaking of the second most important stock in my portfolio, it's Nvidia stock. For Nvidia, a fair value of $335 per share was calculated, compared to the current market price of $234.

I see this as such an attractive opportunity that it has become the second largest stock by weight in my portfolio after Netflix.

One of the biggest challenges facing Nvidia is the dynamics of competition. The number of competitors is constantly increasing. More and more companies are innovating the types of semiconductors that Nvidia manufactures in the hope of gaining market share.

In addition, the sector's economics are not attractive. The biggest consumers of these products are OpenAI and Anthropic, both of which are losing billions of dollars in net profits.

Token prices are falling, and unit economics in this sector were already weak. Therefore, investors are concerned about the sustainability of Nvidia's sales and profitability.

However, Nvidia remains at least one step ahead of the competition, and I wouldn't argue with you if you said it's two steps ahead. The supportive winds of artificial intelligence are boosting demand enormously .

Supply and demand are working in Nvidia's favor, as its products are completely sold out for this year and most of next year. Hundreds of billions of dollars. In fact, it is estimated that the four giant cloud computing companies will spend more than $800 billion in 2026 to build data centers, and that figure is expected to rise in the following year and beyond.

Nvidia accounts for a large share of all this spending.