Nvidia Stake Trimmed by Veteran Tech Investor on Business Risks
- Seligman’s Wick draws parallels with Cisco in dot-com bubble
- Nvidia must show rapid earnings growth can continue, Wick says
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Paul Wick of Seligman Investments has been trimming his holdings of Nvidia Corp. in recent weeks after questioning earnings growth prospects at the stock market darling.
“Our enthusiasm has moderated somewhat over the last one to two weeks,” Wick said by video call at a UBS Group AG event in Singapore on Friday, without elaborating on how much of the stake has been cut.