Nvidia's stock split will add volatility -portfolio manager

STORY: Nvidia's plan to split its stock, after a stunning rise in the chipmaker's share price to more than $1,000, could lure more interest from retail investors.

But Coons sees that as a potential problem.

Speaking with Reuters' Lisa Bernhard, he explained that retail investors "tend to be quite a bit more visceral in their decisions and reactions" as they look for "that quick pop," and therefore may sell their shares more quickly than institutional investors which could lead big swings in the stock price.

Coons also discussed how there's still "a lot of guesswork in the market right now" regarding the Federal Reserve's next moves on interest rates, and how cost-cutting, rather than sales, is allowing many companies to beat earnings expectations.