How to know if your pension will be hurt by Nvidia's fall
A Globes article analyzes the impact of Nvidia's stock decline on Israeli institutional bodies. Nvidia's stock has fallen 32.5% from its peak, amid a scandal involving CEO Jensen Huang's affair and a possible discussion of his removal. The body with the largest direct holding is Menora, with a "paper" loss of $660 million from the peak. The article details the losses of Harel, Phoenix, Migdal, and Altshuler Shaham.
A Globes article examines the impact of Nvidia's stock decline on the pensions and savings of Israelis, through the exposure of Israeli institutional bodies to the stock. Nvidia's stock has fallen 32.5% from its peak reached about five weeks ago, after it was revealed that founder and CEO Jensen Huang had an affair with a suspected Chinese spy, and that the board discussed his removal. The latest drop, of about 7%, occurred on Thursday. The article details the direct holdings of the five prominent institutional bodies: Menora (a "paper" loss of $660 million from the peak), Harel ($388 million), Phoenix ($209 million), Migdal ($196 million), and Altshuler Shaham ($152 million). The data is based on quarterly reports to the SEC, with some updated to the end of the third quarter. The article notes that the large American institutional bodies, BlackRock and Vanguard, each hold about 7.3%-7.4% of Nvidia shares, with "paper" losses of about $140 billion each.