Nvidia (NVDA) has lost nearly $430 billion in industry value over the last three trading, coming down from a high that dethroned Microsoft (MSFT) as the world’s most valuable firm.
Kace Capital Advisors founder and top executive Kenny Polcari joins Morning Brief to give insight into Nvidia’s recent performance and how he thinks the stock will perform moving forward.
Polcari explains that reactions to Nvidia’s downturn are “way overblown”: “I don’t think people need to be nervous about what’s happening in Nvidia. They should not be surprised. The stock has done nothing but go up in a straight line. So a 13% pullback, yes, does represent a little bit of a sale,” he adds. Polcari tells patrons to focus on the long-term story and to take this moment as an opportunity to be strategic.
#NVIDIA #STOCK #tech
About Yahoo financial:
Yahoo financial provides free stock ticker data, up-to-date news, collection of investments management resources, comprehensive industry data, advanced tools, and more information to help you manage your financial life.
– Get the latest news and data at financial.yahoo.com
– Download the Yahoo financial app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
– Follow Yahoo financial on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/firm/yahoo-financial
Disclaimer:
If you own the YouTube channel related to this video and do not want it to be featured here, you can contact us through our contact page. We will gladly remove it without questioning your reasons.