The 1 Reason I Sold Nvidia Stock -- and Maybe You Should Sell Too
Artificial intelligence (AI) is certainly having its moment. And if we are fully honest with ourselves, this isn't the first time; in the past decade, we have seen other instances of AI becoming a popular buzzword in investing circles. What does seem different this time is the real-world impact, as AI tools are starting to show up in many of the software tools used by millions of people every day, and in generative AI like OpenAI's ChatGPT and Google's Bard, where nearly anyone can interact with and potentially benefit from their capabilities.
We've also seen dozens of stocks touting AI as a core part of their future rocket higher. And while more than a few of those have spent a lot more pitching AI to investors as their future than actually building cash-generating AI tools, Nvidia (NASDAQ: NVDA) is nearly certain to be one of the leaders -- and leading profit-makers -- in the AI future. Despite this, and the likelihood that its revenue and profits are going to continue climbing for many years to come, I made the hard decision to sell the majority of my Nvidia stock this week.
It had become such a significant concern for me that I even made the decision to sell before the company reported earnings on May 24. Depending on their situation, this very well might be the right decision for a lot of other people, too.
Source Fool.com
