3 Reasons for Nvidia Stock Bulls to Sell Some Shares
Nvidia (NASDAQ: NVDA) is one of the highest-returning stocks in recent years. A $1,000 investment 10 years ago is worth a staggering $247,000 today. Even if you had waited until five years ago to invest the $1,000, you could now sell those shares for $33,000.
Moreover, investing in Nvidia stock has meant continuing to defy bears with its dominance of the artificial intelligence (AI) chip market and relentless stock price growth. Investors tend to earn higher overall returns when they allow winners to keep winning. Hence, suggestions that one should sell shares under such circumstances may seem counterintuitive.
Nonetheless, even the highest-conviction growth stocks tend to either plateau or turn negative over time. Here are three good reasons you may want to reduce the size of your Nvidia position and take some profits.
Source Fool.com
