Should I sell NVIDIA and Micron stocks now?

The veteran manager advises against selling, recommending to hold or buy, as expected returns remain strong and there are no better alternatives.

What are the return expectations for AI stocks?

The manager did not provide specific numbers but described the expected returns as spectacular, implying significant future growth.

Are there better sectors to invest in than AI?

According to the manager, there are no better investment alternatives currently, making AI stocks the most attractive option.

Veteran Fund Manager Urges Buying the June Swoon in AI Stocks

A veteran fund manager tells investors not to fear the recent selloff in AI and data center stocks, arguing that the expected returns are still spectacular and there are no better alternatives.

July 2, 2026

2 min read

Source: TheStreet

Veteran Fund Manager: Don't Fear the June Swoon in AI Stocks

A veteran fund manager, as reported by TheStreet, advised investors not to worry about the selloff in AI and data center-related stocks that began in late June. He stated that selling these stocks now "leaves nowhere to go," as the forecasted returns remain spectacular.

Details

The manager highlighted that stocks like NVIDIA (NVDA) and Micron (MU) still have strong growth prospects despite the recent correction. He added that investors who sell now might miss out on significant gains, especially as demand for AI technologies continues to rise.

Context

The comments come amid a broader pullback in tech stocks, particularly those tied to AI, over the past few weeks. However, analysts believe the strong fundamentals of these companies support a recovery.

What It Means for Investors

The veteran manager recommends holding onto AI and data center stocks, viewing the current correction as a buying opportunity. He emphasizes that the high future returns make these stocks an attractive investment compared to other sectors.

Frequently Asked Questions

AI and data center stocks experienced a selloff in late June without a clear catalyst, but analysts view it as a natural correction after previous gains.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.