From holding firm to decisively cutting loss! NVIDIA (NVDA.US) "iron powder" fund manager warns of multiple risks.
According to the Wise Finance APP, hedge fund founder Jonah Cheng said NVIDIA (NVDA.US) was the most successful investment of his career. However, he has now sold his last batch of NVIDIA stocks and expressed doubts about the future of the chip giant with a market capitalization of 3.5 trillion US dollars. Cheng, former UBS Group analyst, manages the Captain Global Fund focusing on the technology sector, which achieved a 42% return last year. The fund was one of the many beneficiaries of NVIDIA's soaring stock price over the past decade. When Cheng founded the fund in 2016, NVIDIA was one of the earliest stocks he bought, and he made multiple additional investments in the company afterwards.
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