economy
February 27, 2026
What traders are buying and selling during rout: Dumping Nvidia, buying Apple
In an appearance on CNBC's "Halftime Report," investors Kevin Simpson and Steve Weiss revealed their recent trades.
TL;DR
- Steve Weiss sold Nvidia due to anticipated competition from other hyperscalers in the chip space.
- Weiss also sold Amazon, citing long-term capital expenditure timelines and potential AI labor market disruptions.
- Weiss bought Netflix, believing the company can invest more in content after abandoning the Warner Bros. Discovery acquisition.
- Kevin Simpson purchased Apple, expecting insulation from AI capex concerns and potential Siri-related upside.
- Simpson also bought Microsoft, viewing the stock as oversold.
- Simpson purchased Norfolk Southern, citing its strong balance sheet and potential benefits from a merger with Union Pacific and a transcontinental railroad.
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