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As U.S. tech stocks plummet, Elon Musk urges investors: Please continue holding Tesla shares. I bet they will be priceless.
On February 27, according to Tesla’s well-known investor Sawyer Merritt, Tesla CEO Elon Musk urged investors in a recent interview to continue holding their Tesla (TSLA.US) stock. I believe it will be worth a fortune. This is my bet.
It is worth noting that on February 26, influenced by significant fluctuations in the stock price of global semiconductor leader Nvidia (NVDA.US), global AI and related chip stocks experienced a notable correction. At the close of U.S. markets on February 26, the Wind U.S. Tech Seven Giants Index fell by 1.87%, Nvidia dropped over 5%, and Tesla fell more than 2%.
Recently, Nvidia announced its latest financial report, once again delivering results that exceeded expectations. Despite posting impressive results, investors seemed unresponsive, and the stock price of this “AI darling,” which holds a central position in the global AI trading hub, fell after hours on Wednesday and closed down 5.5% on Thursday. This marked the largest single-day decline since April of last year, evaporating nearly $260 billion in market value overnight.
Equity Armor Investments CEO Luke Rahbari bluntly stated, “If Nvidia sneezes, everyone catches a cold.” Against the backdrop of rising skepticism about AI and a turbulent macro situation, investors have become more “picky” and “strict.” Janus Henderson’s portfolio manager Richard Clode remarked, “The focus of the debate has shifted from recent performance results to the sustainability of AI capital expenditures, with concerns about Nvidia’s scale, monetization, and potential cash flow deterioration.”