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Nvidia shares have continued to soar this year, up more than 80%. "We emphasize risk management much more than many growth investors," Shant told CNBC Pro. When should investors sell growth stocks? When asked about the right time to sell a growth company like Nvidia, Shant pointed to the firm's latest research note titled "Buy and Hold Forever?" [As in] they can't actually make enough to meet expectations in that quarter," Shant told CNBC's Squawk Box Friday.
Persons: they've, Raj Shant, Shant, We're, CNBC's, Jennison, Morgan Stanley Organizations: Nvidia, Jennison Associates, CNBC Pro, Global Equity, Novo Nordisk, Norges Bank, Barclays
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA top Nvidia shareholder explains when investors should sell growth stocksRaj Shant, managing director at the investment firm, told CNBC Pro that the firm has been selling its position in the AI chip maker to manage risk despite remaining optimistic about its long-term prospects.
Persons: Shant Organizations: Nvidia, CNBC Pro
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCompanies need to surf the A.I. wave or get crushed by it, portfolio manager saysCompanies need to get onboard with AI as it is set to be a big growth area in the next decade, Raj Shant, managing director at asset management firm Jennison Associates, told CNBC.
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