From CNBC · Sharon Epperson · · 50s
Nvidia advisors hold steady after Huang's exit
Financial advisors polled by CNBC are mostly keeping their Nvidia positions unchanged following Jensen Huang's resignation as chief executive.
In brief
Financial advisors polled by CNBC are mostly keeping their Nvidia positions unchanged following Jensen Huang's resignation as chief executive. Most wealth managers are holding Nvidia stock steady after co-founder Jensen Huang resigned as CEO, with none selling at the time of the poll. Originally reported by CNBC.
Huang resigns amid questions
Nvidia co-founder Jensen Huang resigned as chief executive after news of personal relationships and national security concerns. Shares fell four percent on Thursday and continued sliding Friday.
Most advisors holding positions
CNBC polled thirty of one hundred twenty-two financial advisors between eleven a.m.and five p.m.EST on November twelfth.
Diversification keeps clients steady
Winnie Sun, managing director of Sun Group Wealth Partners in Irvine, California, said most clients can hold because Nvidia makes up a smaller percentage of their overall diversified portfolio.
“Most of our clients are in a position to hold; the reason is because it makes up a smaller percentage of an overall diversified portfolio.”
The main idea
Most wealth managers are holding Nvidia stock steady after co-founder Jensen Huang resigned as CEO, with none selling at the time of the poll.
