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Top investor Navellier makes tech earnings bet

Louis Navellier of Navellier & Associates
Adam Jeffery | CNBC

CNBC "Squawk Box" Platinum Portfolio investor Louis Navellier bought Nvidia for his model portfolio Thursday. His portfolio is up 7 percent this year in the trading contest.

In another move, Navellier sold Public Storage for his model portfolio.

Here is why the chairman of Navellier & Associates bought the graphics chipmaker.