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Funds tout Nvidia, Disney
Analysts and hedge fund managers touted Nvidia and Walt Disney shares at the inaugural Sohn conference in Queenstown, New Zealand, amid market turmoil and regulatory concerns surrounding the AI sector. Despite Nvidia’s stock falling 9.3% on Wall Street, attendees pointed to rising estimates for data-center revenue. They also saw Disney as an opportunity, citing expectations of higher streaming profits and cash flows from sports programming, as well as expansion of its cruise business.
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