Steve Eisman Says the Nvidia Story Is Going to Last for Years [Yahoo! Finance Canada]
Microsoft Corporation (MSFT)
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Source: Yahoo! Finance Canada
Most Read from Bloomberg The senior portfolio manager, best known for his “Big Short” bet against subprime mortgages ahead of the global financial crisis, owns “a lot” of the chipmaker's shares and considers it a long-term play that's going to be relevant for years to come, he said Tuesday in an an interview on Bloomberg Television. ADVERTISEMENT Traders appeared to share his view Tuesday as the stock rallied 6.8%, climbing back from a three-day slide that pushed shares down more than 10% for the first time since April, past the threshold that represents a correction. “If you look at the chart on Nvidia, you can barely see the correction,” Eisman said. “I don't think it means anything.” The AI poster-child has soared this year amid a furious appetite for its chips that dominate the market for artificial-intelligence computing. Its latest climb saw shares surge 43% from its May 22 earnings report and stock-split announcement to the June 18 peak, when it toppled Microsoft Cor
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