Appaloosa Management LP, managed by David Tepper, recently executed a significant transaction involving Nvidia Corporation ((NVDA)). The hedge fund reduced its position by 55,001 shares.
Recent Updates on Nvidia Corporation stock
Recent developments in Nvidia Corporation’s stock include concerns over the impact of the Chinese DeepSeek app, which has created headwinds due to export controls and potential long-term risks. Despite this, Morgan Stanley has maintained an Overweight rating on Nvidia, viewing the recent selloff as a buying opportunity, with a price target of $152. The firm notes that near-term checks for Nvidia’s Hopper and Blackwell products are firming. Additionally, U.S. officials are investigating whether DeepSeek circumvented restrictions by purchasing Nvidia semiconductors through third parties in Singapore. Recent trading activities showed notable profits from options trading, with significant mark-to-market gains reported from both put and call options as Nvidia’s share prices fluctuated.
More about Nvidia Corporation
YTD Price Performance: -3.98%
Average Trading Volume: 245,668,794
Current Market Cap: $3271.1B