Spiros Segalas Comments on Nvidia

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Jul 22, 2021
Summary
  • The stock was a contributor.

Contributors to relative performance included semiconductor maker Nvidia (NVDA, Financial), which outperformed following another strong earnings report in May. Increasing demand for cloud storage has fueled robust spending by its largest customers and has been a source of high-margin revenue strength. Continued growth in the firm’s large gaming sector business and a growing automotive pipeline are other key factors in our positive outlook for the company.

From Spiros Segalas (Trades, Portfolio)' Harbor Capital Appreciation Fund second-quarter 2021 commentary.

Disclosures

I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours. Click for the complete disclosure