Scottish Mortgage Inv Trust (SMT)

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Share Price:
1,464.00p
Market Cap:
£15,580m
Change Today:
20.50p
Sector:
Investment Firms

Scottish Mortgage lowers Nvidia stake

By Iain Gilbert

Date: Friday 08 Nov 2024

LONDON (ShareCast) - (Sharecast News) - Investment trust Scottish Mortgage revealed that it has lowered its stake in AI-darling Nvidia on Friday as it warned of unsustainable costs related to the technology's adoption.
"The primary challenge hindering large-scale AI adoption remains the high cost. Companies must find ways to offer competitively priced AI systems while managing the skyrocketing costs of training them. This raises concerns about the sustainability of current capital equipment spending, including Nvidia chips," said investment manager Baillie Gifford & Co's Tom Slater.

Scottish Mortgage, which did not disclose exactly how many Nvidia shares it had offloaded, also said its net asset value had risen 1.9% in the six months ended 30 September, lagging the FTSE All-World Index at 3.6%.

As of 0955 GMT, Scottish Mortgage shares were down 0.18% at 909.20p.







Reporting by Iain Gilbert at Sharecast.com

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

SMT Market Data

Currency UK Pounds
Price 1,464.00p
Change Today 20.50p
52 Week High 1,545.00p
52 Week Low 1,028.50p
Volume 1,536,089
Shares Issued 1,064.19m
Market Cap £15,580m

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