WATCH: Stock picks — Nvidia and Growthpoint
Wayne McCurrie from FNB Wealth and Investments chose Growthpoint as his stock pick of the day and David Shapiro from Sasfin Securities chose Nvidia.
McCurrie said: “The company’s yield is approaching 9% which has not happened in a while.”
Shapiro said: “Nvidia is a chip maker and the company has been under a lot of pressure due to issues with cryptocurrencies, which resulted in the stock falling. But now they purchased Mellanox Technologies for more than $7bn and the Nvidia stock, although it seems expensive, is starting to turn around.”
Wayne McCurrie from FNB Wealth and Investments and David Shapiro from Sasfin Securities talk to Business Day TV
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