Terry Smith, a prominent investor often compared to Warren Buffett, has chosen not to invest in Nvidia due to uncertainty about consumer willingness to pay for AI. Despite missing out on Nvidia’s high returns, Smith’s Fundsmith Equity Fund underperformed the MSCI World Index, but he defended his decision, citing unpredictability in Nvidia’s outlook. Nvidia remains a leading AI chip supplier, facing high demand for its products and counting major tech giants like Amazon and Microsoft as clients, contributing significantly to its revenue.
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Why Reddit Stock Was Moving Higher This Week
Shares of Reddit (NYSE: RDDT) saw a significant increase of 19.4% this week, driven by the launch of two new AI-powered advertising tools and favorable analyst reviews. The stock's positive momentum was reported by S&P Global Market Intelligence as of Wednesday's close. Explain It To Me Like I'm 5: Reddit, a website where people share things, got a lot more popular this week because they made new tools that help businesses advertise better, and people...
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