I decided to sell my investment in Nvidia despite its dominant position in the AI market, where its chips power an estimated 70% to 95% of global AI data centers. The company’s recent results were impressive, with data center sales jumping 56% to $41.1 billion, highlighting strong demand. Nvidia also sees a long-term runway, with global data center spending projected to hit $4 trillion by 2030. However, given the stock’s sharp run-up and elevated valuation, I chose to lock in gains while sentiment remains highly bullish.
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