If you took a quick look at the top holdings in the Harbor Capital Appreciation fund, you'd be tempted to think that its managers chase momentum stocks, with names like Microsoft and Nvidia near the top of the list. But the fund's history shows that those bets were first placed long ago — in 2015 for Microsoft, and 2016 for Nvidia, according to Morningstar. The fund's position in Apple dates back to 2004.
Outperforming fund manager says this software stock is set to be a 'serious player' in a corner of AI, gives it nearly 60% upside
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Nvidia Stock Falls After US NFP Data Disappoints MarketNvidia stock fell more than 5% on Friday after the US Nonfarm Payrolls (NFP) data for February distressed the market. February hiring was ahead of consensus, but January data saw a large-scale revision lower, while the Unemployment Rate rose to match the two-year high at 3.9%.
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