If you're worried about a correction and over-invested in Nvidia, replace it with these steady growth stocks instead

Investors who are concerned they're overexposed to Nvidia could replace the name with these steady growth stocks instead, according to Trivariate Research's Adam Parker. Nvidia's earnings results next month will likely be "the most important pending data point" this earnings season, as strong guidance from the chipmaker could mean the artificial intelligence trade still has legs, Parker wrote on Sunday.

mountain Nvidia shares over the past year But for investors worried Nvidia could be due for a pullback, it may be time to find alternatives to the stock, Parker continued. Nvidia shares have made an eyewatering advance this year, up by more than 80%, but it has dipped slightly this month amid concerns that a weakening macro could finally put a dent in the stock. "A change in financial conditions will create more volatility," Parker wrote.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

A top Nvidia shareholder reveals his trigger for selling growth stocksShould investors worried about Nvidia's recent pull back sell the stock or buy the dip?
Source: CNBC - 🏆 12. / 72 Read more »

10 things to watch in the stock market Monday: Goldman Sachs, Nvidia, Constellation BrandsThe market is trying to rebound from Friday's selloff on hopes that the conflict in the Middle East doesn't escalate further.
Source: CNBC - 🏆 12. / 72 Read more »