Investment Q&A

Q: How large is YOUR AI exposure? Obviously I’d like to maximize my return before it takes a big hit. What will you be looking for when considering moving on from this theme? Should I choose a different approach and hold for the long term regardless?

I have NVDA, CLS, NBIS, MU And TER. Each being 5% of my overall holdings.

Your overall thoughts on my exposure ?

Thank you

Q: Good morning 5i Team
I own Amazon, Google and Nvidia of about 6 % combined.Would you recommend adding Micron to the list or just add to the existing list above. I am concern that Micron had a very big move up in the last year.What are your thoughts?
Thank you

Q: What is your top 5 US buys in order at today's price for each
Small cap
Mid cap
Large cap

Thank you

Q: Do you see many blatantly mispriced equities in the North American market today?Granted there have been strong price pullbacks in several sectors but could some of this just be multiple contraction on overpriced stocks that investors were previously chasing to overpriced levels?

I'd like to ask if you have 2 ideas of Mega or Large Cap US Technology stocks that are blatantly mispriced (too cheap to explain) and also the same for 2 Non Tech US or Canadian stocks Large Caps.

Thx for your help.

Q: Hi,

According to KoyFin in FY 2028 Micron is has a forecast 7% drop in sales and a 21% drop in earnings per share. Is that consistent with Bloomberg? Does this explain why MU is so cheap on a forward P/E basis (3.6X according to KoyFin)? What’s your take on this data and the implications for investment returns in this stock?

Thank you, Michael

Q: What order would you add to a TFSA? Thanks, Janet

Q: I hold positions in these companies. I think it is a little unfair to ask what would be good entry points for these companies in this market but could you indicate in what order would you be buying these stocks today? Is there any you would not buy?

Thank you
Tim

Q: Hi 5i,

1). Disregarding company size, type etc. but looking for growth, if one were to buy any of the above noted stocks (MU, COHR, ASML, TER, LRCX, AMAT and ELVA) what buying order would you place them in?

2). And for the top 3 stocks why would you consider them your top 3?

3). Would you rank them any differently if oil prices were to remain elevated for say longer than 2 months, which may have an impact on certain companies more than others?

Thanks!

Q: What is causing the big drop in MU?

Q: I'm getting very nervous. Do you think that Micron is still a "lay up"? I think margin will be intact for at least the next couple of quarters, but what do you think of their longer term expectation (eg the next two years? How low can it go before it stops cratering?

Q: hi
assuming further downside in the markets, and potential longer term effects on global economy from most recent unprovoked Israel/USA attacks on Iran/Middle East, can I get your response for these 8 equities. please provide a buy/sell/hold recommendation, and a price to BUY for each. if your price to BUY is today's price, can you add another BUY price target that is lower than todays price, that considers the chart and fundamentals.
cheers, Chris

Q: Greetings 5i, which one you you buy today, Micron or Intuit, and why the one over the other? Thank you.

Q: Not a question but a comment:

• Jevons Paradox: Historically, making a resource more efficient actually increases total demand. If AI inference becomes 8x cheaper and faster, companies will deploy it in 10x more places, ultimately requiring more total memory. 
• Inference vs. Training: TurboQuant primarily affects the inference phase (running the model). It doesn't reduce the massive amount of memory needed for the training phase, where Micron's HBM3E/HBM4 is most critical.

Most analysts (including those at Morgan Stanley and Wells Fargo) view this as a healthy evolution. It solves a bottleneck that was making AI too expensive to scale. By making AI cheaper to run, Google is actually ensuring the "AI Supercycle" lasts longer, even if it removes some of the "scarcity premium" from memory prices

Q: How do you interpret MU's buy back of senior notes. Comparing with shares buy back, is it more like management's confidence in futur earning or boosting value of shareholders. Does the negative market reaction means that traders are looking elsewhere for quick gains in a volatile market?

Q: Dear Peter et al:

Wow...the more you seem to say positive things about these favourite stocks, harder they seem to fall! MSFT is about 10$ from your suggested price. MU which is already inexpensive according to you, is getting even more inexpensive! I am not sure if it is all due to sentiment. For example I read a reasonably good review about UAE AND Saudi Arabia selling their stake in many of the MAG 7 and their commitment to Data centres may be wavering. At least that is one of the theories being floated by the MAG Bears!

If these BIG boys are selling, then there is a long way to reach the bottom, no?

I am still on a "Holding" mode!

Always appreciate your measured answers.

Q: My first question is just out of curiosity . When I do a question search on MU using the Canadian CDR and the American stock symbol I get two sets of different answers ..... { and the questions have nothing to do with hedged currencies } I found I got more company specific questions using the American symbol . Why is that ?

Up until now I have been uninterested in the MU CDR but my interest is now tweaked . So I have been a throwing a lowball price at it daily . Each day my order goes unfilled and the following day the price is below what I wanted to pay so I do the same thing. { Today's lowball bid is $16.37 } .

Now I would like to get educated on what I am attempting to buy . All I know is it is a memory chip maker .....I'd like to know ..... A current P/E ratio ? A forward P/E ratio ? A comment on future expectations both from you and the company ? Why are investors selling ? What would make it stop falling ? Do you expect it to stop falling ? In other words an overall analysis to help me decide whether to stop lowballing and just make a decision to buy or not to buy ...... Thanks for your terrific service .....

Q: A recent barrons article said SK Hynix is planning to raise funds in the US and this could hurt Micron::

"A U.S. listing for SK Hynix might persuade some investors to diversify their memory-chip holdings. The Korean company trades at a forward price-to-earnings ratio of around 4.8 times according to FactSet, compared with 5.3 times for Micron."

Do you think that SK Hynix raising funds to increase capacity, as well as seeking a US listing, would have much impact on the share price of MU???

Q: Why MU is down on good day.

Thanks,
Milan

Q: Hi Team,
In reference to discussion over MU earnings and the market not giving them any credit: I watched a clip yesterday I thought made a lot of sense in regards to the sector's historically "cyclical" nature. The guy was basically saying that with AI and the way the world has changed that the cyclicality of the chip sector is almost a "thing of the past" going forward. Demand brought on by AI is expected to essentially keep growing. More and more of everything we use and do now will be requiring chips. Right now the market seems like it does not believe the numbers that MU just put out will last more than a quarter. This just seems wrong. It makes sense to me that this guy may be correct in saying that we should not value these types of names as being so cyclical anymore. To me the way AI and technology is headed it looks almost like these names should be more viewed now as consumer staples, a necessity in today's life. Not sure what your thoughts all are on this? Would you agree?

Shane.

Q: 2nd question of the day. I have these laggards in US account. No holding of MU. Would you sell these 3 to buy MU? Also, BAM down, good time to add? I have them at almost 3%. With bringing up to 5?

Cheers,

James