Veteran fund manager's blunt take on Nvidia raises eyebrows
Here's what could happen to Nvidia's stock next.
Wall Road now not too long ago has been gravely enthusiastic that high-flying expertise stocks are on the cusp of a fundamental reckoning.
After two years of market-trouncing returns, expertise stocks delight in equipped off sharply due to worries tied to arguably sky-high valuations and the potential IT budgets will height.
The market wrecking ball has been indiscriminate. The S&P 500 retreated about 10% from its highs, whereas the tech-encumbered Nasdaq 100 tumbled about 13%. The pain has been extra indispensable in big-cap expertise stocks worship Nvidia.
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