Here's Why This Famed Value Investor Cashed Out His Nvidia Stock: 'I Couldn't Take The Rise'
Portfolio Pulse from Shanthi Rexaline
Aswath Damodaran, a renowned value investor and NYU Stern School of Business Finance Professor, has sold his stake in Nvidia (NASDAQ:NVDA) due to its astonishing run-up this year. Damodaran believes the stock's rise has pushed the limits of sustainable value.
June 03, 2023 | 6:11 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Aswath Damodaran's sale of his Nvidia stake may cause concern among investors, potentially impacting the stock's short-term performance.
Aswath Damodaran is a well-known authority on asset valuation, and his decision to sell his Nvidia stake due to concerns about the stock's sustainable value may cause other investors to reevaluate their positions. This could lead to short-term selling pressure and a negative impact on the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100