SGA noted NVIDIA's (NASDAQ: NVDA) strong performance, with new sales segmentation (highlighting cloud company demand) aligning with its long-term outlook. Management reiterated confidence in the sustainability of AI investments, projecting long-term AI spending to reach trillions of dollars. Additionally, NVIDIA's networking sales are annualized at approximately $60 billion, with the new Vera processor expected to contribute $20 billion, and the company plans to repurchase about $25 billion in stock quarterly. SGA believes NVIDIA's technological advantages and market opportunities position it favorably for the long term, and has raised its price target and increased its holdings in the stock.