Billionaires Can’t Agree on NVIDIA Stock

This past quarter, hedge funds run by billionaires couldn’t agree on whether to buy or sell NVIDIA (NASDAQ:NVDA). Six funds purchased 2.3 million shares, while three funds decided to dump 2.1 million. Of course, we shouldn’t make our investing decisions based on the whims of billionaires, but their conflicting views present an opportunity for investors to review NVIDIA’s potential and pitfalls. NVIDIA’s strengths There are plenty of reasons why the company is a buy for many investors right now. NVIDIA reported revenue of $1.3 billion in Q1 2017, an increase of 13% year over year, and non-GAAP earnings per share were up 39% to $0.46. The strong quarter was brought on by growth from nearly all of the company’s major businesses. NVIDIA CEO Jen-Hsun Huang said in a press release: “We…

Link to Full Article: Billionaires Can’t Agree on NVIDIA Stock

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