Investment Q&A

Q: DELL How will they benefit from AI and Data Build Up ? Is it a buy or do you recommend something else in this space Thank You RAK

Q: There's lots of questions about the future of Nebius and it's datacentres but I couldn't find any that touched on their ownership of their robotaxi and deliverybot division, Avride. Given the valuations of PONY, AUR, MBLY etc, what percent of NBIS's market cap would you guesstimate is attributed to their self driving division?

Despite recent Deepseek developments, I feel like NBIS is undervalued relative to its' peers given their robotaxi launch later this year in Dallas and their existing deliverybot program. Am I being too opptimistic here?

Q: I'm curious to learn more about evaluating valuation metrics such as fwd P/E and P/S when analyzing a company and its expected growth rates. You often mention that a company is trading at X fwd PE which is cheap or that it is expensive. How do you know this and what exactly does this mean in the context of looking at its rev and earnings growth rates? You often say if the E or S is rising faster than the P, then yes, over time the valuation can come down quickly with the stock rising fast as well, just like how NVDA has done over the last few years. I've heard maintaining a +30-50% growth rate is very hard over a long period of time and not many companies do it and growth rates will slow down.


For example, lets quickly compare PLTR vs CRWD vs VRT over the next few years:

PLTR shows 173x PE and 54x PS.
Rev growth is 25% and 22% for 25/26
EPS growth is 26% and 21% for 25/26

CRWD shows 99x PE and 21x PS.
Rev growth is 28%,21%,21% for 25/26/27
EPS growth is 21%,26%,25% for 25/26/27

VRT shows 34x PE and 5x PS
Rev growth is 18% and 14% for 25/26
EPS growth is 32$ and 25% for 25/26

Looking at these numbers, PLTR is by far the most expensive valuation wise and WAY above any other software name in the universe. So at the current valuation of PLTR, what kind of rev and eps growth rate does it have to maintain in order to justify this valuation? What is the relationship between the fwd PE/PS vs the EPS/Rev growth rates and how do you analyze this? Any color you can add to this would be great, thank you!

Q: resp for grandkids just wondering buying the canadian cdrs of google [goog] will the canadian dollar hitting lows affect this stock at all or does not matter. thanks

Q: FOUR has bounced back. I sold it when Trump tapped Isaacman as head of NASA because of uncertainty. Is there more certainty that the stock can survive his exit intact, or is it rising on speculation of selling the co?

Q: Hello Peter and team,

We look into each question for your transparency on US holdings. We are truly thankful for that insight. I must say that our portfolio for US holdings would be so much better if your team managed our portfolio! :-) The 5i team is always 3-6 months ahead of the curve (buying or selling). We have and will continue to do well with your suggestions.

For all that you and your team does. Thank you.

D&J

Q: hi folks

which US home builder has the best balance sheet and which would be your 1 or 2 recommenced choices at this time?

thanks

Q: Can you comment on the drop please and provide your valued insights. They are appreciated. Thanks

Q: Can you please go over the metrics for this company. I understand that Chilili's (what % of revenue/earnings does it provide?) has become the favorite restaurant for gen Z and is driving its growth to over 20% thus the meteoric rise in the share price. The PE is 34 is it sustainable, do prospective earnings justify it? Is it a buy, sell ,or hold?

Q: Hi 5i,

Considering taking a long term position in LMT but I am holding back due to potential US government cuts to defense spending.

I could see a scenario where Elon Musk/Trump administration would potentially cut back the costs of LMT's F-35 program in order to reach the administration's goal of cutting a trillion dollars in government spending. (Replace with Tesla Drones?).

F-35 program represents approx. 30% of LMT revenue. If this were the case what would this do to the share price? or is this already "baked in" to some degree?

Thank you,

Greg C.

Q: Hi 5i,

Can you comment on TEAM earnings?

Trying to reduce the number of positions i have. Which one would you prefer between TEAM and VEEV? And why?

Thank you

Q: Why do you think this company is a good investment?

Q: Gern has been trending down since its spike up after getting FDA approval. Is this a typical quiet period for a biotech before revenues begin? Can I get your perspective on Gern, please.

Q: Sorry for another NVDA question.
I''ve trimmed it several times as it went up in the past and was waiting for it to reach 10% to trim again. It was 9.5% of my portfolio and now 8% after the deep seek news.
Understanding that portfolio weights are personal to each person, if it was YOUR portfolio what weight would YOU be comfortable today holding NVDA?
Thanks

Q: I am looking at industrials that will do well in the USA in the initial Trump period. I see you often recommend TT, but it is down where it was last September, which appears to mean negative momentum, which, you usually steer away from. Do you see strong upside for TT in the next couple of years, and would it be your choice, or one of your picks for this goal? Would you pick it over FIX? Is there anything in the Deep Seek revelations that would negatively affect either holding? Are there other holdings you would recommend, and would you choose more than one, and would you wait a bit for the markets to settle? Thanks!

Q: Do you prefer CRM or NOW. It seems CRM is down in sympathy with NOW results. Were they really that bad? CRM trailing PE is almost 30 but NOW is much higher I believe. I have sold half my NVDA with the idea to move it into the next phase of AI adoption, software. Am thinking one of these and perhaps PLTR. You have much posted on it, any information you could add regarding buying it, would be helpful. Any other software companies you would consider? Thank you so much.

Q: I use VFV for my US stock exposure. Is one ETF enough or should I spread it out over 2 or more.
If more please provide some suggestions.

Q: I'm looking for a stable long term hold with some growth and a generous dividend to complement my Enbridge holding? These are all US holdings, do I have to worry about special withholding taxes? Are they suitable for RRSP's?

Q: Hello 5i,
With an eye to reduce some holdings how much overlap is there between these three?
After the recent "dip" how would you rank them?
Thank you so much
Dave

Q: Hi,

Looking to replace NVDA and VRT. I wish to avoid the AI theme and Mag7. Do you have an handful of tech alternatives to suggest in the US?

Many thanks.
Michael