I hope you had a great Thanksgiving!

This is one of the few stretches of the year where the market finally quiets down, families gather, and we all get a moment to reset before the final sprint into December.

But even during a holiday week, questions keep rolling in.

And this Saturday Q&A is packed with good ones.

From Nvidia’s long-term potential… to Bitcoin catalysts… to how to think about the next wave of AI winners… readers showed up this week with sharp, thoughtful topics.

So grab another slice of leftover pie, settle in, and let’s get into it.

Do you have a price target with Nvidia? – Bob

Bob, long-term I expect Nvidia to reach around $300. That’s a reasonable target based on current earnings estimates.

They’re projected to earn $7.45 next year, and even using a conservative 40x multiple (which is on the low end of where Nvidia usually trades) you land right around the $300 level.

So that’s my ballpark outlook over the longer term.

At what point do you rotate to the beneficiaries of AI and automation? NVDA has a year, maybe 2 of strong sales remaining then competition and a slowdown in build out will occur. Forward earnings will begin getting revised lower and lower instead of what is happening today. – Brett

Brett, the way I see it, every company will eventually benefit from AI and automation. This isn’t going to be a narrow, winner-take-all outcome.

It’s a broad productivity wave that lifts nearly every sector from software to semiconductors to industrials to healthcare.

That said, there are some clear early beneficiaries worth watching:

• Meta, Alphabet, and Microsoft, which are already deploying AI across their products

• Amazon, where AI is boosting logistics and cloud demand

• Tesla with autonomy and robotics

• Palantir, which is becoming the operating system for applied AI

But here’s the key point. Between now and the moment AI truly hits the bottom line across the entire economy, there will be plenty of volatility.

Spending cycles will accelerate and decelerate. Guidance will jump and fall. Competition will ebb and flow. Investors will overreact in both directions.

So there’s no rush to rotate all at once. This is a multi-year trend with inevitable ups and downs.

The opportunity will be enormous. But given the chop we’re likely to see over the next few years, there will be multiple, patient entry points along the way.

What's the catalyst for bitcoin going higher? – Brett

Brett, you’re not going to get a fundamental Bitcoin explanation out of me. I fully understand the lack of traditional fundamentals behind this token. There’s no cash flow, no earnings, etc.

But like it or not, Bitcoin has consistently attracted attention and buyers for the last 15 years. And more importantly, it has rebounded from every single selloff it has ever experienced.

Every crash, every drawdown, every “Bitcoin is dead” moment has been followed by a recovery.

Is this time different?

If anything, this time looks more likely to support a rebound given what’s happening around Bitcoin:

• The crypto ecosystem is larger and more mature

• Regulation is finally taking shape instead of operating in a gray zone

• Institutional adoption is real, with major firms treating Bitcoin as a long-term asset class

None of that gives Bitcoin fundamentals in the traditional sense. But it does create a stronger foundation of demand than we’ve ever seen before.

Thanks for sharing the Feb NVDA option call. How many contracts did you buy and what was the premium? – Aran

Thanks for the question, Aran. I bought 5 contracts and I paid $995 per contract.

I’ve got plenty of time to see a rebound in NVDA. And if we see further weakness I’ll look to buy more.

My thesis is simple though: Companies like Nvidia don’t trade at 24x next year’s earnings for long.

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.

Thanks for being along for the mission.