Some weeks test your conviction.

This one tried to break it.

I’m writing this as the smoke is still clearing.

Investors dumped anything with even a hint of speculation.

Even non-AI names like Fannie Mae (FNMA) and Northern Dynasty (NAK) – two holdings in my Million Mission portfolio – have taken big hits.

A few weeks ago I was up more than 100% on both.

Now I’m up just 22% on FNMA and 32% on NAK.

It hasn’t been fun.

But this is what opportunity looks like.

This has always been the strategy behind The Million Mission:

I need volatility. I need sentiment swings. I need great companies to get marked down for the wrong reasons.

And that’s exactly what we’re seeing today.

Nvidia (NVDA) posted phenomenal earnings on Wednesday.

They beat every major metric, raised guidance above the highest Wall Street estimates, and saw next year’s earnings jump from $6.86 to $7.39 overnight.

Yet the stock fell sharply this week.

At 44x trailing earnings and just 23x next year’s earnings, Nvidia is simply too cheap for a business of this caliber.

The market will figure it out eventually.

BUY ALERT: I bought $5,000 of NVDA February $200 call options.

Another name on my radar is Uber Technologies (UBER).

It’s off 20% from its highs on “consumer weakness” concerns.

But this looks more like a baby-with-the-bathwater selloff than a real slowdown.

Investors seem to be ignoring the fact that Uber just posted its strongest growth since late 2023 and the largest trip-volume jump in company history outside the post-Covid surge.

I haven’t pulled the trigger yet, but February UBER calls are high on my watchlist.

I’m giving the rebound plenty of time by focusing on options with three months to expiration. And yes, I’ll look to size up if we get more downside.

As I write this, the market is trying to bounce.

But I’m not calling a bottom. I’ve never once nailed that perfectly.

What I am confident in is this: the negative sentiment won’t last.

Nvidia’s fundamentals are intact. Uber’s, too.

These selloffs don’t reflect reality, and historically they’ve been followed by sharp, V-shaped recoveries.

Stay tuned. I’ll be following this action closely.

Update on the Sweater Bet

Nvidia’s market cap is hovering just above $4.4 trillion.

If it breaches the $4 trillion level, I owe Alex C. a sweater – just in time for the holidays.

We’re getting close! But the market is showing signs of a rebound.

Important Update: Follow The Million Mission on Twitter/X

Big news: I just launched a Twitter/X account so you can follow along with The Million Mission in real time. If you want quicker insights, early reactions to breaking news, and a closer look at how I’m navigating the road to $1 million – this is where I’ll be.

Come hang out, ask questions, and follow the Mission as it happens @DavisPWilson.

Another Important Update: ​​The Million Mission website is live!

I’ve gotten plenty of feedback regarding where to find previous alerts. Well, The Million Mission website is finally live and you can check out archived alerts here.

Portfolio Overview

Here’s what I’m currently holding in the Million Mission portfolio:

Fannie Mae (FNMA) – 2,500 shares @ $7.25/share.

Northern Dynasty (NAK) – 5,000 shares @ $1.11/share

Nvidia (NVDA) call options – $200 strike price expiring February 20, 2026

Special Shoutouts

Thanks to all the folks who emailed in this week. I appreciate the kind words.

We’ll have a regularly scheduled Q&A next week.

Thanks for being along for the mission.