Popular fund manager switches Nvidia shares for Micron amid Huang drama

详细摘要

On Thursday, Stephanie Link of Hightower Advisors told CNBC that she sold every Nvidia (NVDA) share she owned and poured the money into Micron Technology (MU).

On Thursday, Stephanie Link of Hightower Advisors told CNBC that she sold every Nvidia (NVDA) share she owned and poured the money into Micron Technology (MU).

When I first saw the headline, the first thing I thought was, if a money expert like Link is selling Nvidia, should ordinary investors pay more attention to Micron too?

Link is the chief investment strategist at Hightower Advisors and a regular voice on the CNBC Halftime Report Investment Committee. She has more than two decades of experience in portfolio management. On the Thursday, Nov. 12 CNBC Halftime Report, she said she still expects Nvidia to post a strong third-quarter report on November 17, with about $300 billion in free cash flow projected for next year.

However, her concern is that Nvidia's share price will not respond to those numbers while federal investigators look into the situation, and during the leadership transition.

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"Nvidia is going to have a great quarter next week," Link said, according to CNBC. "But the stock is not going to trade on fundamentals right now.

Meanwhile, she called Micron a cleaner choice, praising its "clean fundamentals, clean story, and cheap stock." Over the past week, Nvidia fell roughly 12% while Micron increased by about 12%.

Two scandals surrounding Nvidia's former CEO came to light one after the other. U.S. and Singaporean authorities had been investigating a possible chip embargo violation that was linked to Huang's personal relationship with a woman suspected to be a Chinese intelligence asset, TechCrunch reported. Then a second affair involving a senior Nvidia vice president was also reported by The New York Times.

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