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" is coming, and if the economy evolves as I expect, everyone will be smiling more by the end of the year. A recession isn't in my forecast; the economy still has plenty of momentum." Given this rapid ascent, it was inevitable that the stock would eventually pause for a well-deserved breather, which it did from mid-July to August 8, allowing for some consolidation and renewed buying opportunities.
Maverick Capital made only a modest reduction, trimming its Nvidia position by 2.866% after purchasing 464,000 shares in Q1 2023. Nvidia will release its next earnings report on August 28, with the market eyeing a potential price target of $140.67, up from Thursday’s close of $122.86.Nike received a notable boost following the announcement that hedge fund Pershing Square, led by Bill Ackman, acquired a new stake in the company.
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