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Veteran fund manager's blunt take on Nvidia raises eyebrows [Yahoo! Finance]

Alphabet Inc. - Class C Capital Stock (GOOG) More Company Research Source: Yahoo! Finance

Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report

US:NASDAQ Investor Relations: abc.xyz/investor

After two years of market-trouncing returns, technology stocks have sold off sharply because of worries tied to arguably sky-high valuations and the potential IT budgets will peak. The market wrecking ball has been indiscriminate. The S&P 500 retreated about 10% from its highs, while the tech-laden Nasdaq 100 tumbled about 13%. The pain has been more significant in big-cap technology stocks like Nvidia. ? Get expert insights and actionable trade alerts from veteran investing experts and hedge fund managers. Join TheStreet Pro today and get first month FREE The Roundhill Magnificient Seven ETF MAGS has tumbled 18% since mid-December. Nvidia, the poster child for the technology rally in 2023 and 2024, is down more than 20% from January's peak. Nvidia's status as the leading company benefiting from the artificial intelligence revolution has made it a staple in many investors' portfolios. As a result, the recent drubbing has left many investors wondering what could happen to Nv [Read more]

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