Hedge Fund Managers Pick Nvidia, Disney and ASML at Sohn

Hedge fund and investment managers identified Nvidia, Disney and ASML as stock opportunities at the Sohn Queenstown conference after a sharp decline in technology shares.

EFM Asset Management’s John Wylie highlighted Nvidia after semiconductor stocks fell. He said the chipmaker’s earnings multiple had dropped by more than half over the past year, while revenue growth expectations for its artificial intelligence data center business had roughly doubled.

Nvidia shares fell 9.3% on Thursday amid concerns about spending on AI infrastructure and possible regulatory intervention.

Milford Asset Management’s Andrew Curtayne selected ASML, the Dutch maker of chip-production equipment. He pointed to the company’s leading position in extreme ultraviolet lithography, a technology used to manufacture advanced semiconductors. ASML shares have also declined during the technology selloff.

Vihari Ross, a portfolio manager at Antipodes Partners, recommended Walt Disney. Ross cited improving profitability in Disney’s streaming operations, cash generation from sports broadcasting and expansion potential in its cruise business.

Indus Capital’s John Pinkel selected Japanese confectionery maker Kotobuki Spirits. Cymer Capital’s Samantha D’Amore highlighted Fast Retailing, which owns Uniqlo, citing expansion opportunities in the United States and Europe.

Marathon Resource Advisors’ Robert Mullin identified Harbour Energy as undervalued and estimated that its stock could rise by about 86% from its previous closing price. Terra Capital’s Jeremy Bond recommended Canadian gold producer G Mining Ventures and forecast production growth of 300% over the next two years as its Brazilian operations expand.

Northcape Capital selected South Korean water-purification company Coway. Azora Capital’s Ravi Chopra recommended U.S. wealth manager LPL Financial.