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Tom Lee Is Buying Nvidia Shares Despite CEO Resignation
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.
Fundstrat’s Tom Lee says he is buying Nvidia stock even after Jensen Huang’s shock resignation sent shares tumbling across markets. Nvidia fell about 8% in Nasdaq after-hours trading as the news spread, with the selling also showing up in tokenised Nvidia shares and crypto-based perpetual futures. Shares were down close to 10% at around $156 before Thursday’s open. Lee said the technology sector has already found its bottom and sees the drop as a buying opportunity. His view runs against the cautious mood on Wall Street, where some firms have cut targets or removed Nvidia from top pick lists over leadership risk. Huang stepped down after admitting to an affair with a Megaspeed executive whom US officials reportedly view as a possible Chinese intelligence asset, followed by reports of a second relationship with an Nvidia executive.
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