Discovery Capital Management, LLC, managed by Rob Citrone, recently executed a significant transaction involving Nvidia Corporation ((NVDA)). The hedge fund increased its position by 30,000 shares.
Recent Updates on Nvidia Corporation stock
Recent developments in Nvidia Corporation’s stock have been influenced by concerns over China’s DeepSeek potentially circumventing U.S. export controls to acquire Nvidia’s semiconductors. This situation has led to U.S. investigations into potential 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. Nvidia’s stock has experienced notable fluctuations, with significant profits reported from options trading. The stock closed at various price points, reflecting market volatility. The year-to-date price performance stands at -3.98%, with a current market cap of $3271.1 billion.
More about Nvidia Corporation
YTD Price Performance: -5.18%
Average Trading Volume: 245,141,715
Current Market Cap: $3211.6B