Altimeter’s Brad Gerstner says he trimmed positions across portfolio

[Pelican Press 0]

Altimeter’s Brad Gerstner says he trimmed positions across portfolio

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and Nvidia . Meta has climbed more than 32% in 2024, while Nvidia is up another 84% this year. Billionaire investor Stanley Druckenmiller also said he slashed his big bet in chipmaker Nvidia earlier this year, adding that the swift AI ***** could be overhyped in the short run. Gerstner noted that the macro environment has turned less ideal for investors. First, the Federal Reserve is now expected to continue to hold off on cutting rates to ****** stubborn inflation. Also, corporate tax rates might go up as the reduction from 2017 is set to expire, Gerstner said. “We started the year expecting six rate cuts. Now we’re down to maybe zero rate cuts,” he said. “We’ve got an election coming up and the potential that the corporate tax rate cuts from 2017 … will expire at the end of 2025 unless extended, and those represent a meaningful part of the growth in the S & P 500.” While trimming his positions this year, Gerstner, a Harvard Business School graduate, clarified that he wants to invest in some of his top holdings in the long run. “We want to be in the names like Nvidia that are reaccelerating, in the names like

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and Snowflake that we believe are reaccelerating. It’s only with that reacceleration … the numbers are going up for those companies, that the stocks are going to work,” he said.

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Breaking News: Markets,Breaking News: Investing,Breaking News: Business,Investment strategy,Wall Street,Stock markets,Markets,Snowflake Inc.,Meta Platforms Inc,Uber Technologies Inc,

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Corp,NVIDIA Corp,Stanley Druckenmiller,regwall-pro,business news
#Altimeters #Brad #Gerstner #trimmed #positions #portfolio

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