Well-Known Investor Cuts His Stakes in NVDA, AVGO, AAPL

Prominent investor Bill Baruch yesterday told CNBC that he had reduced his stakes in Nvidia (NVDA), Broadcom (AVGO), and Apple (AAPL).

Baruch, the founder and president of Blue Line Futures, cited several reasons for his moves, including speculation about tariffs being placed on semiconductors and the downward pressure on AAPL’s revenue and profit margins.

Why Baruch Reduced His Exposure to NVDA and AVGO

Speculation about tariffs being imposed by the Trump administration on imported chips could mount “later this week,” undermining NVDA stock and AVGO stock, Baruch said.

The investor added that he did not want to hold onto his entire positions in NVDA and AVGO, in case the tariffs imposed by the administration on chips turn out to be higher than expected.

Additionally, Baruch elected to trim his exposure to NVDA ahead of the release of the tech giant’s first-quarter financial results.  The company is expected to unveil its Q1 earnings later this month.

However, Baruch did note that he “loves Broadcom’s business,” while his exposure to the stock is double its weight in the S&P 500.

Why Baruch Reduced His Exposure to AAPL

Apple’s revenue is “shrinking,” while the tech giant’s margins may drop due to tariffs, Baruch stated. He also noted that AAPL stock advanced less from its bottom to its peak than many of its large-cap peers.

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Disclosure: None. This article is originally published at Insider Monkey