Stephanie Link Sells Nvidia Shares and Moves Into Micron

Stephanie Link, chief investment strategist at Hightower Advisors, said Thursday she sold Nvidia shares and is buying Micron, citing leadership uncertainty despite her expectation of strong results.

Link made the move after Nvidia CEO Jensen Huang stepped down. She expects Nvidia’s next quarterly results to be strong and forecasts $300 billion in free cash flow in 2027.

Link said investigations, leadership changes and potential departures meant Nvidia would not trade on fundamentals for a while. She also called Nvidia “not clean at this point,” despite her positive expectations for its near-term results and cash generation.

Link described Micron as having “clean fundamentals, clean story [and a] cheap stock.” She said she would consider buying Nvidia again if it gets “a really amazing leader” and moves past its current concerns.