Now, experts are weighing in on what that means and whether retirees should take the risk and buy stocks like NVIDIA.
NVIDIA is a semiconductor company founded in 1993 that designs graphics processing units (GPUs) and related software, according to Igor Pejic, author of the forthcoming book Tech Money: A Guide to the New Game of Technology Investing. These days, NVIDIA is using its products to train large AI models.
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Retirees Should Proceed With Caution
Evan Mills, Associate Financial Advisor at Scholar Advising echoes that advice, saying that stocks like this are "growth-oriented," which isn't always in the best interest of retirees. "That's not to say you shouldn't have some type of growth allocation in your portfolio, but having it concentrated in a single stock like NVIDIA can cause a lot of concentration risk," he says.
"We saw just the other day that even though NVIDIA posted record earnings, their stock still dropped, because the bar was so high that even great earnings failed to meet expectations," he continues, saying that this is just the kind of stock this is.
And, in retirement, when you have less time to recoup your losses and manage downturns with your investments, it sounds like the family sedan is exactly what you should be looking for.
Disclaimer: This article is for informational purposes only and does not constitute financial advice.
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