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 surrounding Nvidia Corporation (NVDA) include Morgan Stanley’s acknowledgment of potential longer-term risks due to export controls and the threat posed by China’s DeepSeek. Despite these concerns, the firm maintains NVDA as a ‘Top Pick’ with an Overweight rating, suggesting the recent DeepSeek selloff as a buying opportunity. Additionally, Nvidia’s stock experienced significant price movements, including a notable profit from trading options. U.S. officials are investigating whether DeepSeek circumvented U.S. restrictions by purchasing Nvidia semiconductors through third parties in Singapore. Despite these challenges, customer demand for Nvidia’s products, such as the Blackwell series, remains strong.
More about Nvidia Corporation
YTD Price Performance: -3.98%
Average Trading Volume: 245,668,794
Current Market Cap: $3271.1B