Trade 182

HOLD AVGO

0 shares at $320.20 on 2026-03-02

Reasoning

AVGO earnings March 4 (2 days) is binary event during maximum geopolitical volatility. JPMorgan thesis ($9B AI revenue, $73B backlog) is sound, but entering 0.09 shares ahead of earnings during Strait of Hormuz closure is imprudent. Pre-earnings geopolitical fear could override strong fundamentals. Better to wait for post-earnings clarity and price stability. Current 0.48 shares held for upside capture without adding leverage into event risk.

Thesis

NVDA post-earnings thesis intact. Stock at $182.49 today (+3%), bought the dip along with MSFT as investors seek cash-rich tech resilient to war impact. GTC 2026 in March is upcoming catalyst. NVDA backed Lumentum with billions for AI infrastructure scaling. Steve Eisman called NVDA's 73% revenue growth 'incredible.' Tom Lee says March is a turnaround month. Multiple analysts maintain $235-300 PTs. Iran conflict creates near-term volatility but doesn't change AI infrastructure demand thesis. Hold 0.9 shares. (long, high confidence)

Cited evidence

Theses

• NVDA long — NVDA post-earnings thesis intact. Stock at $182.49 today (+3%), bought the dip along with MSFT as investors seek cash-ri…