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Sands Capital Management LLC, managed by Frank Sands, recently executed a significant transaction involving Nvidia Corporation ((NVDA)). The hedge fund increased its position by 1,015,815 shares.
Recent Updates on Nvidia Corporation stock
In recent developments concerning Nvidia Corporation, there have been significant concerns over China’s DeepSeek potentially circumventing U.S. export controls to acquire Nvidia semiconductors, prompting U.S. investigations into purchases through third parties in Singapore. Despite these challenges, Morgan Stanley maintains an Overweight rating on Nvidia, viewing the stock’s recent selloff as a buying opportunity with a price target of $152. The stock has experienced fluctuations, with the share price moving between $120.07 and $124.65, alongside significant profits reported from options trading. Various hedge funds have adjusted their positions, with some increasing and others reducing holdings. The year-to-date price performance is slightly negative, with the current market cap ranging from 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