Viking Global Investors LP, managed by Andreas Halvorsen, recently executed a significant transaction involving Nvidia Corporation ((NVDA)). The hedge fund increased its position by 233,337 shares.
Recent Updates on Nvidia Corporation stock
Recent developments in Nvidia Corporation’s stock have been significantly impacted by concerns over China’s DeepSeek potentially circumventing U.S. export controls to acquire Nvidia’s semiconductors, prompting U.S. investigations into possible third-party purchases 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. The stock has experienced notable fluctuations, with its price oscillating between $120.07 and $124.65, and significant profits have been reported from options trading. The year-to-date price performance shows a slight decline, with the current market cap ranging between $3211.6 billion and $3313.3 billion. Various hedge funds have adjusted their positions, with some increasing and others reducing their stakes in Nvidia.
More about Nvidia Corporation
YTD Price Performance: 0.39%
Average Trading Volume: 244,280,272
Current Market Cap: $3313.3B