Veteran Tech Investor Trims Nvidia Stake Despite Recent Rally, Voicing Growth Concerns: 'Our Enthusiasm Has Moderated'
Portfolio Pulse from Benzinga Neuro
Veteran tech investor Paul Wick has been reducing his holdings in Nvidia (NASDAQ:NVDA) due to concerns over the company's growth prospects and high valuations. Despite Nvidia's recent surge in share price, Wick and other investors are skeptical about the sustainability of this rally.
June 21, 2024 | 1:54 pm
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Paul Wick, a veteran tech investor, has been reducing his Nvidia holdings due to concerns over the company's growth prospects and high valuations. Despite Nvidia's recent surge in share price, Wick and other investors are skeptical about the sustainability of this rally.
Paul Wick's decision to reduce his Nvidia holdings and his public expression of concerns over the company's growth prospects and high valuations are likely to negatively impact investor sentiment. This could lead to a short-term decline in Nvidia's stock price.
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