Here's Why I Just Sold My Nvidia Position
When I purchase a stock, my goal is to never need to sell it. I have this mindset because I'm investing in the company, not just an arbitrary ticker. However, there are times as an investor when you may see an opportunity and need to raise capital.
To raise capital, I sold my entire Nvidia (NASDAQ: NVDA) position. While this may be a head-scratcher to some due to the company's immense artificial intelligence (AI)-influenced upside, the stock is currently trading as if this shift has already occurred. Read on to find out my thinking for selling Nvidia and if you should follow suit.
To be clear, I believe in Nvidia as a company. Its graphics processing units (GPUs) are best-in-class and have a massive role in the future AI rollout. Its track record speaks for itself, with 361 of the most powerful supercomputers worldwide utilizing its products.
Source Fool.com
