Account Info
Log Out
English
Back
Download
Log in to access Online Inquiry
Back to the Top
NVIDIA reports record revenue: 10-for-1 split drives stock to new high
Views 1.6M Contents 463
avatar
Mario Timberlake joined discussion · May 29 16:13

Cathie Wood: ‘What Would Make Me Reinvest in Nvidia?’

Cathie Wood said it would take a “significant price correction” for her to reinvest in Nvidia having sold out last January, ahead of a 160% surge in the chip maker's shares price.
(This is where cathie woods sold nvidia shares for a massive loss $ARKK.US$. Cathie owned ~ 800,000 shares of $nvda in arkk before selling it at the bottom in november. Causing investors to lose over $800 million in potential profits)
Cathie Wood: ‘What Would Make Me Reinvest in Nvidia?’
(She sold her nvidia shares for a huge loss. Her biggest sell was on nov 9th 2022 $NVDA.US$ was at $137. She bought these shares on 8th aug 2022 $nvda was at $182.)
Cathie Wood: ‘What Would Make Me Reinvest in Nvidia?’
Cathie Wood: ‘What Would Make Me Reinvest in Nvidia?’
Speaking at ETF Stream’s ETF Ecosystem Unwrapped 2024 event last week, Wood said Nvidia was a cyclical stock that could face a significant price reduction as inventory continues to build.
“Nvidia historically has been a very cyclical stock, I remember in 2018 when it benefited from the crypto movement, ending up with a huge inventory correction and crypto was about 3% of its business,” Wood said.
“However, there was so much inventory building in the crypto space there was a glut. I do not think it will be as serious this time, but Nvidia did drop by two-thirds in one quarter.”
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
6
2
+0
1
Translate
Report
37K Views
Comment
Sign in to post a comment
avatar
Mario Timberlake
476Followers
14Following
1274Visitors
Follow