Partial sale, but still my largest portfolio position
NVIDIA $NVDA (-0.22%) is running and running and I am still convinced that the shares are not yet overpriced despite a P/E ratio of over 90.
If you look at the forward P/E ratio, it is only just over 30 and therefore not really higher than that of Microsoft or Apple. While many consumer staples companies are trading at P/E ratios of ~25, I think a 30 P/E ratio is quite fair for a scalable tech company with margins of over 70%.
Nonetheless, the position has become a bit large for me with almost ~9% share and at ~€18,000 was also €5,000 ahead of my second largest position.
I therefore decided to sell part of it. As I still had just under €3,000 in the loss pot, I was able to sell the 5 shares tax-free.
In total, I have invested ~€4,100 in NVIDIA, so with the sale of €3,400 I have taken almost my entire investment out of the stock and can now watch the further development relatively relaxed.
At ~€14,000, the share still accounts for ~7% of my equity portfolio. Should the share continue to rise, I would again consider a partial sale at ~9-10% of my portfolio.
For the time being, the €3,400 is in the clearing account at 4%.
