A top Nvidia shareholder reveals his trigger for selling growth stocks

Nvidia shares have continued to soar this year, up more than 80%. But one of its top shareholders has revealed why they've been selling the stock. Jennison Associates, the 15th largest shareholder of Nvidia, was an early investor in the chipmaker and currently holds $7 billion worth of shares, or 0.57% of the company. That's down from a peak of 0.95% in the last quarter of 2022, according to LSEG data.

line Instead, the former fund manager said fundamentals, such as insufficient growth, are more significant drivers of Jennison's triggers to abandon a stock. He also cautioned that the reason behind an earnings disappointment is likely to be more important than the disappointment itself in evaluating an investment's future.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Nvidia stock dips after company unveils latest AI chipsNvidia shares dipped 3% on Tuesday morning after the company unveiled its new generation of artificial intelligence chips, called Blackwell.
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »

Nvidia stock dips after company unveils latest AI chipsNvidia shares dipped 3% on Tuesday morning after the company unveiled its new generation of artificial intelligence chips, called Blackwell.
Sumber: nbcsandiego - 🏆 524. / 51 Baca lebih lajut »