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Uttam Kumaran Pitches Nvidia on February 26th, 2018

posted on April 7, 2018

On Monday, February 26th, Uttam Kumaran pitched Nvidia Corporation (NASDAQ: NVDA), an equity that would add to holdings in the Information Technology sector.  Uttam focused on the growth of NVIDIA into AR, cryptocurrencies, and PC gaming.  In the past 25 years, Nvidia has been the leading manufacturer of graphics processing units (GPUs).  Their products are used in a wide array of markets including gaming, datacenters, automotive, and professional visualization. Nvidia utilizes two business lines, GPU and the Tegra Processor, to target the aforementioned four markets. Today, Nvidia looks to emerge as the leading supplier of GPUs for state-of-the-art technologies in the fields of cryptocurrency, virtual reality, and artificial intelligence.  Uttam proposed to purchase 50 shares of NVIDIA at the market price on February 26thto be financed through the sale of 180 shares of the Technology Sector SPDR Fund (XLK).  The proposal passed unanimously.

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