TECH - 'Way Too Early': Expert Warns As Investors 'Trading Out' Of Nvidia AMD Microsoft And Other AI Stocks | Benzinga
Light Street Capital managing partner Glen Kacher has advised investors to hold onto their semiconductor stocks, suggesting that it’s still early to exit the market.
What Happened: Kacher pointed out that it might be too early to exit the semiconductor market. He suggested that it’s crucial for investors to determine whether the current investment cycle for building an AI infrastructure is akin to 1999 or 1995. This statement was made during an appearance on CNBC’s “Closing Bell” on Thursday.
Kacher believes that we are at the beginning of this investment cycle, making valuations reasonable for stocks at the moment.
The Light Street Capital executive also mentioned his “AI Five” picks, which include NVIDIA Corp (NASDAQ:NVDA), Advanced Micro Devices (NASDAQ:AMD), Taiwan Semiconductor (NYSE:TSM), Broadcom (NASDAQ:AVGO), and Microsoft Corp (NASDAQ:MSFT).
"Those that are trading out of the semiconductor group at this point in time, we think they're way too early in exiting," says Light Street Capital's @GlenKacher. ...