英伟达目前的市值为3万亿美元，但仍比6月份的历史高点低12%。泰珀的结论是：“与其他我更有信心的股票相比，英伟达并不是我的首选。”Billionaire investor David Tepper expressed hesitation about whether to buy more Nvidia stocks.
According to the Securities Times, billionaire investor David Tepper expressed hesitation about whether to buy more Nvidia (NVDA.US) stocks, questioning the chipmaker's growth potential. Tepper stated in an interview that he has sold a 'significant amount' of his Nvidia holdings, believing that the stock price appears too high and will eventually decline. He sold 84% of his shares in the second quarter, reducing his holdings to around $85 million by the end of June.
Nvidia dropped 4.35% compared to a month ago but has risen 149.4% year-to-date. He questioned whether the stock has 'sufficient growth momentum' and whether 'next-generation models can replace their chips.' He added that the stock looks great in 2024 and 2025, but he 'doesn't know' about 2026. Tepper founded Appaloosa Management in 1993.
Nvidia's current market cap is at $3 trillion but is still 12% below the historic high in June. Tepper's conclusion is: 'Compared to other stocks I have more confidence in, Nvidia is not my top choice.'
On the contrary, Tepper advises investing in 'buying everything' related to China. He attributes his significant bet on Chinese assets to the large-scale stimulus measures introduced by China this week. He mentioned in an interview on Thursday, 'I thought the Fed's actions last week would lead to China easing monetary policy, but I didn't expect their stimulus to be this significant.'
In the second quarter of this year, his hedge fund held most of the shares of Chinese companies acquired earlier this year, despite reducing stakes in Alibaba Group (BABA.US) and U.S. tech giants. Now, after China's commitment to support fiscal spending, stabilize the real estate industry, and intensify efforts to boost economic growth, he has resumed buying Chinese stocks, including Alibaba and Baidu (BIDU.US).
He said, 'We hold Chinese stocks for a longer period and more in quantity.' He mentioned that even after the surge in stock prices this week, Chinese stock valuations remain low, which is one of the reasons he is buying Chinese stocks.