Even the biggest winners of Nvidia's stock spike are cutting back as AI hype goes into overdrive
But how much is too much? Based on a couple of recent developments in the Nvidia investor community, owners of the stock seem to think it's time to pump the brakes and trim holdings.interview with Bloomberg
The trimmed position is especially notable because Edmond de Rothschild — which has $87 billion under management — has been a long-time Nvidia bull. The firm has been overweight the stock since at least late 2020, according to Bloomberg. While it's not surprising that investors would want to cash in the gains surrounding a prescient stock pick, the common refrain that Nvidia has gotten overextended is cause for concern.baby bubble
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