A quant fund boss talked his mom into selling Nvidia at 60% of its current price. She won't let him forget it.

Jason Hsu, the chief of quant fund Rayliant Global Advisors, convinced his mother to sell her Nvidia shares at $250 each, believing that the company's rally wouldn't last. However, the chipmaker's shares have since surged by another 73%, driven by a high demand for its semiconductors. Hsu humorously stated that he would put a "hex curse" on the stock until it falls below $250.

Despite Nvidia's success, with a 198% increase in total gains for the year, some believe that the company's shares may be overvalued. Rebellion Research, a think-tank, suggested that Nvidia's stock price is in a bubble and warned that the current rush towards AI could be a modern version of the 17th-century tulip mania.

Key takeaways

Jason Hsu, the head of a quant trading fund, advised his mother to sell her Nvidia shares when they were trading at $250, which is 60% of their current price.
Nvidia's stock has surged another 73% since the advised sale, with total gains for the year at 198% as of the last Friday's closing bell.
Hsu joked about putting a 'hex curse' on the stock until it falls below $250.
Rebellion Research, a think-tank, warned that Nvidia's stock price is now trading in bubble territory, comparing the rush toward AI to the 17th-century tulip mania.

A quant fund boss talked his mom into selling Nvidia at 60% of its current price. She won't let him forget it.

Key takeaways

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