SoftBank Just Sold $3.6 Billion Worth of Nvidia Stock. Should You Ditch NVDA Too?

SoftBank Group (SFTBY) just announced in its latest 13F form that it has completely divested its holdings in Nvidia (NVDA), selling its shares that were valued at $3.59 billion as of the end of the prior quarter. The announcement has naturally caught everyone’s attention. The question that naturally comes to mind is, should we follow their lead? The timing of this announcement is particularly interesting. NVDA stock has still been rising sharply over the past 12 months, even after pulling back from its 5 ...