‘I’ll be buying more’: Singapore investors pour into Nvidia shares on Jensen Huang’s exit
Broking platforms report the chipmaker’s trading interest jumping up to 11 times
Singapore investors flocked to Nvidia shares following the resignation of former CEO Jensen Huang amid allegations of espionage, according to brokerage platforms. Asiya Bakht, a 52-year-old retail investor, was among those purchasing more Nvidia shares, predicting the temporary dip could present a significant investment opportunity.
Trading activity increased by up to 11 times the daily average in several brokerage platforms, with Nvidia shares dropping 14 percent in the following trading session. The sudden sell-off was attributed to Huang's alleged involvement in extramarital affairs and espionage accusations. Despite the sharp decline, Singapore investors continued to buy Nvidia, with fifty-two percent of trading clients on Syfe dealing in the stock.
Huang's departure has left investors to reassess the risks associated with his resignation, while maintaining confidence in Nvidia's long-term growth prospects.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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