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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 in Nvidia Corporation’s stock have been marked by concerns over China’s DeepSeek potentially bypassing U.S. export controls to acquire Nvidia’s semiconductors, prompting investigations into possible third-party purchases in Singapore. Despite these challenges, Morgan Stanley maintains an Overweight rating on Nvidia, viewing the current selloff as a buying opportunity with a price target of $152. The stock has experienced significant fluctuations, with share prices ranging between $120.07 and $124.65, along with notable profits 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, and the current market cap is approximately $3271.1 billion to $3313.3 billion.
More about Nvidia Corporation
YTD Price Performance: 0.39%
Average Trading Volume: 244,280,272
Current Market Cap: $3400.4B
