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ARK Investment Management LLC, managed by Cathie Wood, recently executed a significant transaction involving Nvidia Corporation ((NVDA)). The hedge fund increased its position by 4,892 shares.
Recent Updates on Nvidia Corporation stock
Recent developments regarding Nvidia Corporation (NVDA) have been marked by concerns over China’s DeepSeek potentially circumventing U.S. export controls to acquire Nvidia’s semiconductors, prompting investigations by U.S. officials into third-party purchases in Singapore. Despite these challenges, Morgan Stanley maintains an Overweight rating on Nvidia, viewing the selloff as a buying opportunity with a price target of $152. The stock has experienced notable fluctuations, with significant profits reported from options trading as share prices varied between $120.07 and $124.65. Hedge funds have also adjusted their positions, with some increasing and others reducing their holdings. Nvidia’s year-to-date price performance stands at -3.98%, and it has 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
