Investors have ridden artificial intelligence darling Nvidia to soaring returns over the past 18 months, but some notable investors have called time on the rally before the US chipmaker’s next batch of earnings.
Mr Pollak’s investment call precedes Nvidia’s much-anticipated first-quarter earnings result next week. Analysts forecast earnings per share to jump to $US5.52 from $US5.16 and revenue to climb to $US24.58 billion from $US22.1 billion. For Mr Pollak, however, the trade down in Nvidia has allowed Loftus Peak to increase its stake in what he believes is AI’s next big beneficiary.
“We have not yet seen the App Store of AI apps, but that’s coming, and it’ll be profound and long-lasting … it will go through every single business.” “I do think it has got further to go, but as the stock runs, you just take a little bit of a haircut and just maintain that position size so that it doesn’t end up occupying too much risk in the book.”
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Federal Reserve: Nvidia rivals gold as shield against inflation, survey showsThe mega cap US tech stocks are not only a bet on innovation but also offer potential protection against inflation, according to some investors.
Source: FinancialReview - 🏆 2. / 90 Read more »
Budget reply 2024: Peter Dutton wants a housing election; Nvidia bulls sell; Millennial to retire at 35Read everything that’s happened in the news so far today.
Source: FinancialReview - 🏆 2. / 90 Read more »
Why Stan Druckenmiller invested in Nvidia early – and what he predicts for AI, the Federal Reserve and Donald TrumpWall Street legend Stan Druckenmiller has profited from the Federal Reserve’s dovish pivot, though he says it could get harder for investors to time AI’s boom.
Source: FinancialReview - 🏆 2. / 90 Read more »
Ray Dalio says magnificent seven of Apple, Microsoft, Amazon, Nvidia, Meta Platforms, Tesla and Alphabet are ‘fairly priced’While some of Bridgewater’s readings look frothy, “we do not see bubbly conditions in aggregate”, the billionaire hedge fund founder said.
Source: FinancialReview - 🏆 2. / 90 Read more »
Wall Street: Cracks appearing in tech stocks Apple, Tesla, Nvidia, Netflix, Super Micro Systems as nervous investors wait on March quarter profitsFollowing six down days in a row on Wall Street, the six-month equity market rally looks shaky. Next week could prove pivotal.
Source: FinancialReview - 🏆 2. / 90 Read more »
Champ slams ‘bulls**t’ rumours, Aussie rips new rule: MotoGP France Insider’s GuideMoto GP: Championship leader Jorge Martin crashed out in his home GP in Spain, while Bagnaia took out a dramatic win.
Source: FOXSportsAUS - 🏆 24. / 51 Read more »