Pre market is in shambles right now on the 5th of August 2024. Most if not all notable tech stocks are down about 10%. Warren Buffett recently sold half his stake in Apple shares. I’m a new investor and this is the first time I’m affected by this. I am holding about 60 shares worth of Apple (bought at $140), and 30 shares worth of Nvidia (bought at $700 pre split, equivalent of $70 post split). Not really worried about Apple stock as I plan on holding it for at least another 5 years and the fact that they are yet to roll out their new Apple Intelligence. What I’m worried about is Nvidia. I plan on having it short term and will most likely sell at the end of the year (unless they display signs of unrealised growth) to fund a new guitar for myself. My question as an inexperienced investor is where do you think Nvidia could go from here? Will things get worse before they get less worse or will things just fall?
Leave a Reply