The Compound and Friends Why Nvidia is Going to 10 Trillion Dollars with Adam Parker and Rob Sechan
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Apr 24, 2026 
Rob Sechan, CEO and co-founder of New Edge, a wealth-management executive; Adam Parker, founder of Trivariate Research and former lead portfolio manager. They debate software vs AI, margin and pricing pressures, semiconductor leadership and Nvidia’s platform case, AI-driven productivity in enterprises, spin-off opportunities, and portfolio ideas across semis, power, and healthcare.
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Nvidia Caused One Of The Biggest Earnings Rewrites
- Nvidia's earnings and analyst estimate revisions were massive and unexpected, driving a structural rethink of tech earnings contributions.
- Michael Batnick notes Nvidia's free cash flow estimates jumped from billions to tens of billions in a short span.
Use Volatility To Upgrade To Higher Quality Software
- Long-only managers should pair or reweight within software rather than avoid the sector after volatile reports.
- Michael Batnick suggests watching price action and transitioning to higher-quality names when volatility offers an upgrade opportunity.
Tech Multiple Moves Reflect Earning Revisions Not Just P Changes
- The recent swing in tech forward P/E is driven more by rapidly rising earnings (E) than by multiple expansion (P).
- Batnick highlights that a few names like Nvidia and Micron accounted for a large share of S&P earnings growth year-over-year.