$NVIDIA(NVDA.US)

Post 2 of Episode 22

Context: NVIDIA has been one of the clearest beneficiaries of the AI infrastructure buildout, but a great company does not automatically mean an unlimited position size. As the share price appreciated and my portfolio gained exposure to other parts of the AI stack, I became more conscious of concentration and valuation risk.

My trade: I gradually trimmed my NVIDIA position rather than exiting completely. I wanted to lock in gains while retaining some exposure to a company that remains central to AI compute. At the same time, I redeployed capital toward less obvious bottlenecks across networking, memory, optics and power.

Takeaway: You don’t have to stop believing in a company to reduce a position. Sometimes trimming a winner is simply good portfolio management—especially when it creates room for opportunities with a better risk/reward setup.

@Captain's Treasure