Why you should take profits on hot AI stocks like Nvidia

Some of the most popular names in tech and AI have seen their fortunes turn during a surprise sell-off that has caught many investors flat-footed. Extremely hot AI stocks, such as Nvidia (NVDA), have been beaten up on fears of a bubble bursting. Yahoo Finance Executive Editor Brian Sozzi drills into the popular AI stock trade with Citi’s Director of US Equity Strategy Drew Pettit. Pettit effectively predicted a short-term top in AI stocks in early July. He told clients that he was worried about AI stock valuations and the potential for a bubble. For now, he has been proven right. So what’s top of mind for Pettit now that these market darlings are off their highs amid a broader tech sell-off?
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