This Investment Manager Just Sold Nvidia Stock, Says Microsoft Will Be The 'Number One Beneficiary Of AI'
Portfolio Pulse from Adam Eckert
Investment Manager Steve Weiss of Short Hills Capital has sold his position in Nvidia Corp (NVDA) and sees Microsoft Corp (MSFT) as a bigger beneficiary of the AI boom. Weiss believes that Microsoft, which is planning to manufacture its own chips, will benefit more from AI demand than Nvidia. He also expects Microsoft to release a new range of AI-focused products in the near future.
October 09, 2023 | 8:55 pm
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POSITIVE IMPACT
Steve Weiss sees Microsoft as a bigger beneficiary of the AI boom, especially with its plans to manufacture its own chips and release a new range of AI-focused products.
The positive outlook on Microsoft's potential in the AI market, especially with its plans to manufacture its own chips, could attract more investors, leading to an increase in the stock's price. The expected release of a new range of AI-focused products could also boost the company's revenues and positively impact its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Investment Manager Steve Weiss has sold his position in Nvidia, citing increased competition and a cautious market view.
The sale of Nvidia stocks by a prominent investment manager could potentially influence other investors to do the same, leading to a decrease in the stock's price. Furthermore, the increasing competition in the AI chip market, particularly from Microsoft, could also negatively impact Nvidia's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100