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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 regarding Nvidia Corporation’s stock have been significantly influenced by concerns over China’s DeepSeek potentially circumventing U.S. export controls to acquire Nvidia’s semiconductors, prompting U.S. investigations into possible 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. The stock has exhibited notable fluctuations, with the share price moving between $120.07 and $124.65, and significant profits reported from options trading. Various hedge funds have adjusted their positions, with some increasing and others reducing their holdings. The year-to-date price performance shows a slight decline, with the current market cap fluctuating between $3271.1 billion and $3313.3 billion.
More about Nvidia Corporation
YTD Price Performance: 0.39%
Average Trading Volume: 244,280,272
Current Market Cap: $3400.4B
