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Woodline Partners LP, managed by Michael Rockefeller, recently executed a significant transaction involving Nvidia Corporation ((NVDA)). The hedge fund reduced its position by 1,576,178 shares.
Recent Updates on Nvidia Corporation stock
Recent developments in Nvidia Corporation’s stock have been impacted by concerns that China’s DeepSeek might circumvent U.S. export controls to obtain Nvidia’s semiconductors, leading to U.S. investigations into potential purchases through third parties in Singapore. Despite these challenges, Morgan Stanley maintains an Overweight rating on Nvidia, seeing the recent selloff as a buying opportunity with a price target of $152. The stock has experienced notable fluctuations, with its price moving between $120.07 and $124.65, and significant profits reported from options trading. The year-to-date price performance is recorded at around -3.98% to -5.18%, 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