{"id":79130,"date":"2026-02-27T13:38:54","date_gmt":"2026-02-27T18:38:54","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=79130"},"modified":"2026-02-27T13:50:35","modified_gmt":"2026-02-27T18:50:35","slug":"nvidia-sandisk-utilities","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2026\/02\/27\/nvidia-sandisk-utilities\/","title":{"rendered":"Nvidia vs. Sandisk vs. Utilities?"},"content":{"rendered":"

What a week!<\/p>\n

Nvidia<\/strong> (NVDA) flopped after earnings, OpenAI picked up $110 billion in fresh funding, and PPI came in hot.<\/p>\n

So let's look at the 5 things you need to know right now.<\/p>\n

1. Nvidia = Buy on Valuation?<\/h2>\n

Nvidia<\/strong> (NVDA) delivered another solid across-the-board beat and strong guidance on Wednesday.<\/p>\n

And for the third straight quarter, it sold off the next day. I'm long, so of course I'm aggravated.<\/p>\n

So what's the problem?<\/p>\n

Everyone's wondering how long the AI capex spending boom can last.<\/p>\n

Because companies like Oracle<\/strong> (ORCL) and Meta<\/strong> (META) are burning downright absurd levels of cash flow.<\/p>\n

However, there may be hope for the bulls.<\/p>\n

Nvidia's valuation has compressed to 22 times forward earnings.<\/p>\n

That's right around where the stock bottomed in November 2023 and April 2025.<\/p>\n

\"\"<\/p>\n

Meanwhile, Nvidia is expected to grow earnings by 73% this year.<\/p>\n

If this was 1985, Peter Lynch would be loading up for the Magellan fund.<\/p>\n

But while tech leaders like Nvidia and Microsoft<\/strong> (MSFT) sag, you know what's not struggling.<\/p>\n

2. The Electric Mystery Machine Are In Secret Bull Market Mode<\/strong><\/h2>\n

SPY<\/strong> is down in 2026, but the State Street Utilities Select Sector SPDR ETF<\/strong> (XLU) just keeps grinding up:<\/p>\n

\"\"<\/p>\n

I highlighted this secret bull market on February 13<\/a><\/strong><\/span>.<\/p>\n

Why are utilities booming?<\/p>\n

Rates are falling.<\/p>\n

And traders could be rotating into utilities in fear of an economic mess.<\/p>\n

Plus, AI is driving increased electricity demand.<\/p>\n

And Anthropic said it will fit the bill<\/a><\/strong><\/span> for infrastructure upgrades and consumers' higher electric bills.<\/p>\n

Why didn't you see this on financial TV?<\/p>\n

They're talking about Nvidia.<\/p>\n

3. SanDisk May Be Setting Up Beautifully<\/strong><\/h2>\n

I'm long SanDisk<\/strong> (SNDK).<\/p>\n

I even declared myself the Captain of Team SanDisk. Not that I'm buying it here.<\/p>\n

It's the #1 stock in the S&P 500 this year, and right now it's hugging the 20 day moving average:<\/p>\n

\"\"<\/p>\n

Could it be basing for a breakout?<\/p>\n

We talked about it on this week's live stream:<\/p>\n