---
title: "Due to Jensen Huang's aggressive reduction in holdings, the leading stock $NVIDIA(NVDA.US) has adjus"
description: "Due to Jensen Huang's aggressive reduction in holdings, the leading stock $NVIDIA(NVDA.US) has adjusted downward, and the tech rally led by AI last week has finally slightly subsided. However, it's wo"
type: "topic"
locale: "en"
url: "https://longbridge.com/en/topics/22022503.md"
published_at: "2024-06-24T02:10:37.000Z"
author: "[Dolphin Research](https://longbridge.com/en/news/dolphin.md)"
---

# Due to Jensen Huang's aggressive reduction in holdings, the leading stock $NVIDIA(NVDA.US) has adjus

Due to Jensen Huang's aggressive reduction in holdings, the leading stock $NVIDIA(NVDA.US) has adjusted downward, and the tech rally led by AI last week has finally slightly subsided. However, it's worth noting that among the three top AI stocks this week—NVIDIA, Micron, and TSMC—Micron will release its earnings.

Currently, apart from Micron's incremental business in HBM, the AI-driven narrative is also making the market imagine upgrades in traditional end-side memory to meet the surging demand for memory after the improvement in end-side computing power. For research on Micron, please check Dolphin Research's recent article["AI Storage: HBM Holds NVIDIA's Lifeline"](https://longportapp.cn/zh-CN/topics/21911310).

Last week, there weren't many macroeconomic data points. The released data, such as second-hand home sales, shows that interest-rate-sensitive industries are still under pressure. U.S. Treasury yields fluctuated narrowly between 4.2-4.3%, and interest rates are still in a downward trend. However, for tech stocks to hold up, they still need earnings to provide confidence.

### Related Stocks

- [MU.US - Micron Tech](https://longbridge.com/en/quote/MU.US.md)
- [NVDA.US - NVIDIA](https://longbridge.com/en/quote/NVDA.US.md)
- [SOXL.US - Direxion Semicon Bull 3X](https://longbridge.com/en/quote/SOXL.US.md)
- [NVDL.US - GraniteShares 2x Long NVDA Daily ETF](https://longbridge.com/en/quote/NVDL.US.md)
- [SMH.US - VanEck Semiconductor ETF](https://longbridge.com/en/quote/SMH.US.md)
- [HBM.US - Hudbay Minerals](https://longbridge.com/en/quote/HBM.US.md)
- [TSM.US - Taiwan Semiconductor](https://longbridge.com/en/quote/TSM.US.md)

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.