Stephanie Link said Thursday she sold her Nvidia following Jensen Huang’s resignation from his post as CEO, with the investor moving into another artificial intelligence play: Micron Technology . “The fundamentals are very, very strong at [Nvidia], and I expect the quarter next week to be very good with 300 billion in free cash flow next year,” Link, the chief investment strategist at Hightower Advisors, said on CNBC’s ” Halftime Report .” “But, this stock is not going to trade on fundamentals … for a while because you have the overhang of the investigations of leadership changes of potential departures.” Huang stepped down earlier Thursday as Nvidia’s chief executive after confirming this week he had an affair. Multiple reports noted Huang’s paramour is an alleged Chinese spy. Then on Wednesday, The New York Times reported on a second extramarital affair involving Huang and an Nvidia executive. NVDA 5D mountain NVDA 5-day chart The news has sent the stock tumbling 12% this week. Micron, meanwhile, is up 14% over that time. Micron has “clean fundamentals, clean story [and a] cheap stock,” Link said. “Whereas Nvidia is just not clean at this point.” Although the investor turned her back on Nvidia for now, she said: “I will not have a problem buying the stock back if we get a really amazing leader and we can get past this.”
