After
a
boom
of
interest
in
chipmaker
Nvidia
—
with
shares
logging
an
astronomical
200%
rise
over
the
last
12
months
—
investors
appear
divided
on
whether
to
buy
into
the
stock
.
One
wealth
manager,
however,
is
happy
not
owning
the
chipmaker.
“I
bought
into
Nvidia
during
early
days
and
exited
my
position
at
a
decent
300%
gain.
Of
course,
the
stock
has
risen
further
to
over
$1,000
now,
but
I’m
glad
to
have
secured
a
profit
at
a
price
point
I’m
happy
with,”
Dhruba
Jyoti
Sengupta
told
CNBC
Pro
earlier
this
month.
The
CEO
of
Wrise
Private
Middle
East,
which
serves
ultra-high-net-worth
and
high-net-worth
individuals
across
Asia,
the
Middle
East
and
Europe,
said
he
likes
three
different
stocks
from
around
the
world
instead.
Adobe
Top
of
Sengupta’s
list
is
Adobe
.
After
a
tough
time
earlier
in
the
year,
the
stock
is
seeing
renewed
interest
following
its
second-quarter
earnings
which
surpassed
analysts’
expectations.
Shares
in
Adobe
jumped
by
17%
after
its
results
announcement
last
week,
and
are
up
around
7%
in
the
last
12
months.
Sengupta
sees
promise
in
the
software
company
given
the
potential
of
generative
AI
not
just
for
text,
but
also
photos
in
the
medium
to
longer-term.
“The
market
is
not
seeing
much
potential
in
Adobe
because
Nvidia
is
making
all
these
big
future
predictions
and
markets
love
that.
But
Adobe
offers
a
great
opportunity
being
the
biggest
software
company
for
photos,”
he
added.
According
to
FactSet
data,
of
43
analysts
covering
the
stock,
34
give
it
a
buy
or
overweight
rating,
7
have
hold
ratings
while
two
have
a
sell
call.
Their
average
price
target
is
$611.20,
giving
it
16.3%
potential
upside.
Harley-Davidson
In
the
luxury
goods
space,
Sengupta
has
his
eye
on
Harley
Davidson
.
“Living
in
Dubai,
I
am
a
firm
believer
that
no
matter
what
happens,
the
luxury
stocks
in
the
long
run
will
always
do
well
…
Men
are
now
becoming
like
women
in
terms
of
the
luxury
spends,
especially
on
toys
like
Harley
Davidson,”
he
said.
Shares
in
the
iconic
motorcycle
manufacturer
are
down
nearly
6%
over
the
last
12
months,
but
Sengupta
says
the
stock
is
undervalued,
making
it
a
good
time
to
buy.
Of
17
analysts
covering
Harley-Davidson,
8
give
it
a
buy
or
overweight
rating,
while
9
have
a
hold
rating
at
an
average
price
of
$42.96,
according
to
FactSet
data.
This
gives
it
upside
potential
of
32.1%.
HDFC
Bank
In
India,
the
wealth
manager
is
betting
on
financial
firm
HDFC
,
as
the
country
—
and
the
bank
itself
—
prepares
for
growth.
“The
bank
has
a
hugely
diversified
revenue
stream.
I
think
[it’s]
the
most
valuable
bank
in
the
world
right
now,”
he
said.
When
asked
how
HDFC
compares
with
competitors
like
ICICI
Bank
,
Sengupta
responded
that
the
former’s
management
is
“very
stable
with
consistent
leadership
and
that
puts
them
in
good
standing.”
HDFC
trades
on
India’s
National
Stock
Exchange
and
the
BSE,
and
as
an
ADR
in
the
U.S.
Its
shares
are
also
included
in
the
Nifty
India
Financials
ETF
(15.6%
weight)
and
iShares
India
50
ETF
(11.2%).
Shares
in
the
bank
are
up
by
just
over
1%
in
the
last
12
months,
but
are
showing
signs
of
picking
up.
Of
43
analysts
covering
HDFC
Bank
on
FactSet,
38
have
a
buy
or
overweight
rating
on
the
stock
at
an
average
price
target
of
1,872.32
Indian
rupees
($22.41),
giving
it
upside
potential
of
17.2%.
