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Moore Capital Management LP, managed by Louis Moore Bacon, recently executed a significant transaction involving Nvidia Corporation ((NVDA)). The hedge fund reduced its position by 1,700,779 shares.
Recent Updates on Nvidia Corporation stock
Recent developments in Nvidia Corporation’s stock have been notably influenced by concerns over China’s DeepSeek potentially bypassing U.S. export controls to acquire Nvidia’s semiconductors, prompting U.S. investigations into potential purchases through third parties 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 oscillating between $120.07 and $124.65 and notable profits reported from options trading. Various hedge funds have adjusted their positions, with some increasing and others reducing their holdings. Nvidia’s year-to-date price performance shows a slight decline, with a current market cap reported between approximately $3211.6 billion and $3313.3 billion.
More about Nvidia Corporation
YTD Price Performance: 0.39%
Average Trading Volume: 244,280,272
Current Market Cap: $3313.3B
