NVIDIA Stock: Wall Street Idol Steve Weiss plans to sell all of its NVIDIA shares if this limit is met; that’s why he quotes

Senior investor Steve Weiss recently revealed that if the stock amount is $140, he will dispose of all shares in NVIDIA.

Steve Weiss’ plan with NVIDIA stock

Weiss, a regular CNBC and chief investment officer at Short Hills Capital Partners, explained in an interview with CNBC that he decided to sell because of the increasing competition in the AI ​​chip market, most notably, according to the Insider Monkey report, most importantly from the major cloud companies that are now introducing their own chips.
He noted that “giant cloud-based construction companies have been working on AI chips for years” and are now entering the market. Investors also stressed that these companies are now developing and launching their own AI chips as they hope to reduce their dependence on NVIDIA, as their Insider Monkey Monkey Monkey report said.
Weiss also said: “Given the large amount of cash from large cloud infrastructure participants, they will not be kidnapped forever by hostages as the high NVDA prices,” cited in the insider Monkey Report.

Also Read: Chips But Not Out: Nvidia Can Get Up To $40 Billion in Business from Elon Musk; It’s a Fault

Analysts’ NVIDIA forecast

While on average, analysts expect the chipmaker’s earnings per share to rise to $4.39 this year, up from $2.99 ​​last year, an Insider Monkey report.

Inventory fluctuations in recent months

Although the company’s stock price has fallen 1.5% in the past three months, NVIDIA shares rose 32% last month, according to the Internal Monkey Report. Also, see: 15 years later, billionaire Mark Cuban leaves Shark Tank; this is what he intends to be next, which will buzz fans with buzz

FAQ

Who is Steve Weiss?
According to Insider Monkey’s report, he is a veteran investor and chief investment officer at Short Hills Capital Partners, and often appears on CNBC.

What does Steve Weiss say about Nvidia?
He plans to sell all of his NVIDIA shares if they hit $140. Steve Weiss believes that according to the internal monkey report, NVIDIA faces competition from cloud giants to make AI chips.