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Alecta Pensionsforsakring, Omsesidigt, managed by Magnus Billing, recently executed a significant transaction involving Nvidia Corporation ((NVDA)). The hedge fund reduced its position by 1,135,000 shares.
Recent Updates on Nvidia Corporation stock
Recent developments in Nvidia Corporation’s stock include concerns over China’s DeepSeek potentially circumventing U.S. export controls to acquire Nvidia semiconductors, prompting U.S. investigations into purchases through third parties in Singapore. Despite these challenges, Morgan Stanley maintains an Overweight rating on Nvidia, viewing the recent selloff as a buying opportunity with a price target of $152. Nvidia’s stock has experienced notable fluctuations, with significant profits reported from options trading as the share price varied between $120.07 and $124.65. The year-to-date price performance stands at -3.98%, with a current market cap of $3271.1 billion.
More about Nvidia Corporation
YTD Price Performance: -2.18%
Average Trading Volume: 245,191,160
Current Market Cap: $3313.3B
