Korean investors dump Ndivia stocks as AI’s luster fades

Nvidia's logo is displayed at its office building  in Santa Clara, California., May 31, 2023. AP-Yonhap

Investors in Korea, who were actively buying Nvidia stocks in the first half of this year, have shifted to aggressive selling in the second half amid growing concerns that the monetization of the artificial intelligence (AI) industry might be delayed compared to initial expectations.

According to the Korea Securities Depository, Friday, the amount of Nvidia stocks held by Koreans stood at 14.51 trillion won ($10.6 billion) as of Tuesday.

On July 10, when Nvidia’s stock price was 카지노 approaching its 52-week high, Koreans held 19.19 trillion won worth of the company’s shares. This figure reflects a decrease of nearly 5 trillion won in their holdings in less than a month.

In the second half, up until Thursday, Korean investors sold 867.6 billion won worth of Nvidia stocks. This contrasts sharply with the first half when they aggressively purchased around 2.45 trillion won worth of the shares.

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