3Fourteen's Pies: AI and semis are 'where the underlying strength is'

3Fourteen's Pies: AI and semis are 'where the underlying strength is'

Quick Read Nvidia (NVDA) reported Q4 data center revenue of $62.31B (+75% YoY) with full-year revenue of $215.94B (+65.47% YoY) and a 55.6% profit margin, while AMD (AMD) achieved record Q4 data center revenue of $5.38B (+39% YoY) with a forward P/E of 29x and PEG ratio of 0.5; Meta (META) committed $115-135B in CapEx for 2026 with a multiyear GPU partnership driving demand through the semiconductor ecosystem. The agentic AI inflection point i…