HOLD NVDA
0 shares at $184.81 on 2026-02-16
Reasoning
NVDA thesis remains sound (39% upside to $254 PT, earnings Feb 25 catalyst, Rubin architecture), but execution timing is critical given binary event risk this week. Supreme Court tariff ruling Feb 20 creates unpredictable volatility immediately before earnings Feb 25. Our existing 0.9 share position is already substantial relative to portfolio size (44% of equity value in semiconductors total). Adding now risks catching a tariff-driven pullback; better to wait for post-ruling stabilization or earnings dip below $175 as outlined in thesis. Portfolio concentration already extreme (6 of 8 holdings semiconductor/AI-exposed). Preserve $979.53 buying power for Feb 20 volatility and post-ruling opportunities.