Nvidia shares fell for a second consecutive session after co-founder Jensen Huang resigned amid personal relationship and national security reports. A CNBC flash poll of 30 wealth managers revealed that none are currently selling their direct stakes in the firm, with 19 maintaining their positions and four buying more. Advisors are emphasizing underlying business fundamentals and valuation rather than reacting rashly to unexpected executive turnover. In addition, financial professionals caution that retail investors often hold heavy indirect exposure through broad-market indexes and target-date retirement funds.
Key points
Advisors are taking a wait-and-see approach while focusing on corporate governance and up…: Advisors are taking a wait-and-see approach while focusing on corporate governance and upcoming third-quarter fiscal 2027 financial results.
Future investment strategies will depend heavily on artificial intelligence demand, marke…: Future investment strategies will depend heavily on artificial intelligence demand, market valuation, and individual client risk profiles.
Investors should review mutual fund and ETF fact sheets to evaluate indirect exposure cau…: Investors should review mutual fund and ETF fact sheets to evaluate indirect exposure caused by Nvidia's substantial market weighting.
Sources checked by our analysis pipeline: 1
Shares of Nvidia continued to slide after the market open on Friday after declining 4% on Thursday following news of co-founder Jensen Huang's resignation as chief executive, amid reports about his personal relationships and national security concerns. The news has raised questions for investors about what comes next for a company at the center of the artificial intelligence boom.
To gauge how wealth managers are responding, CNBC polled members of its Financial Advisor 100 and Financial Advisor Council. Thirty of the 122 firms and professionals contacted responded to the online, multiple-choice flash poll, conducted between 11 a.m. and 5 p.m. EST on Nov. 12. The poll is a snapshot of respondents' views, not a measure of all financial advisors.
Most advisors polled are holding steady
Most respondents, 19, said they are holding their Nvidia positions steady. Another four said they are increasing their stake, while seven said they do not own the stock. None said they were selling at the time of the poll.
"Most of our clients are in a position to hold; the reason is because it makes…
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