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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 have been significantly influenced by concerns about China’s DeepSeek potentially bypassing U.S. export restrictions to acquire its semiconductors. This situation has prompted U.S. investigations into possible purchases through third parties in Singapore. Despite these concerns, Morgan Stanley maintains an ‘Overweight’ rating on Nvidia, viewing the recent selloff as a buying opportunity, with a set price target of $152. Noteworthy stock fluctuations have been observed, with significant profits reported from options trading as the share price fluctuated between $120.07 and $124.65. The year-to-date price performance shows a slight decline, with the current market cap reported at approximately $3271.1 billion.
More about Nvidia Corporation
YTD Price Performance: -2.18%
Average Trading Volume: 245,191,160
Current Market Cap: $3313.3B
