Maverick Capital ltd, managed by Lee Ainslie, recently executed a significant transaction involving Nvidia Corporation ((NVDA)). The hedge fund increased its position by 253,928 shares.
Recent Updates on Nvidia Corporation stock
Recent developments in Nvidia Corporation have been marked by concerns over potential circumvention of U.S. export controls by China’s DeepSeek to acquire Nvidia’s semiconductors, leading to U.S. investigations into potential 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 notable price fluctuations between $120.07 and $124.65, with significant profits reported from options trading. Year-to-date price performance shows a slight decline, with the current market cap fluctuating around $3271.1 billion.
More about Nvidia Corporation
YTD Price Performance: 0.39%
Average Trading Volume: 244,280,272
Current Market Cap: $3313.3B