A top Nvidia shareholder reveals his trigger for selling growth stocks

📆 14/04/2024 06:30 p. m.
📰 CNBC

⏱ Reading Time:
18 sec. here
5 min. at publisher
📊 Quality Score:
News: 20%
Publisher: 72%

NVIDIA Corp Noticias

Novo Nordisk A/S,Novo Nordisk A/S,Business News

Should investors worried about Nvidia's recent pull back sell the stock or buy the dip?

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.

Escribir Comentario

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

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.
Fuente: CNBC - 🏆 12. / 72 Leer más »