NVIDIA Daily Report (February 26th): Market value surpasses Russia's GDP.
"Wood Sister" reduces holdings of Taiwan Semiconductor for the first time in over two years, continues to sell NVIDIA.
Author | Wall Street Major Events
NVIDIA's stock price rose by 0.35% on the previous trading day, closing at $790.92, with a market value of $197.70 billion and a turnover of $40.95 billion.
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NVDA Related News
["Wood Sister" reduces holdings of Taiwan Semiconductor for the first time in over two years, continues to sell NVIDIA]
Amid the intensifying artificial intelligence boom and NVIDIA's outstanding financial reports driving global stock markets to new highs, Wood is counter-trend by reducing holdings of the world's leading chip company. ARK's trading records show that last Friday, the company's ARK Autonomous Technology and Robotics ETF (ARKQ) sold 8,599 shares of Taiwan Semiconductor for the first time since the end of 2021. The ETF also sold 2,362 shares of NVIDIA on the same day. Wood's fund has been selling NVIDIA shares throughout last year, betting on the growth potential of lesser-known software companies like UiPath and Twilio.
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Twitter Opinions Summary
TrendSpider: This is absolutely crazy.
Puru Saxena: Every "super hot" stock will go through this cycle...
$NVDA and other artificial intelligence stocks are currently in the second phase of the uptrend. At some point, they will peak and form a top in the third phase, then experience a significant decline during the fourth phase.
I will reduce investments in the third phase.
Ken Lee: $NVDA
If it retraces the low point and breaks through $808, it is bullish.