Aswath Damodaran sold half his stake in this chip stock after its recent share surge for one simple reason.
Aswath Damodaran sold half his stake in Nvidia after the recent share surge for one simple reason: value investing. "The run up has been just so astonishing that I cannot in good conscience hold on to it and call myself a value investor," the finance professor at NYU's Stern School of Business told CNBC's " The Exchange " on Thursday.
mountain Nvidia shares have soared this year on the growth in AI applications. The chip stock popped more than 24% in the trading session following its financial report, and then steadily built on those gains on Friday and Tuesday. Nvidia gave up some of its wins Wednesday but last traded more than 5% higher Thursday.
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