Aswath Damodaran sold half his stake in Nvidia after the recent share surge for one simple reason: value investing.
Nvidia shares have taken a big leg up in recent days, after a jaw-dropping quarterly earnings report showed booming demand for artificial intelligence.
NVDA YTD mountain Nvidia shares have soared this year on the growth in AI applications.
Nvidia gave up some of its wins Wednesday, but last traded more than 5% higher Thursday.
Even though Damodaran sold half his stake, the esteemed finance professor retains a positive stance on Nvidia, viewing it as an "opportunistic chipmaker" and "amazing" company.
Persons:
Aswath Damodaran, CNBC's, Damodaran
Organizations:
Nvidia, NYU's Stern School of Business