NVIDIA (NVDA)

• Sector: Information Technology
• Industry: Semiconductors & Related Devices

About: Nvidia is a leading developer of graphics processing units. Traditionally, GPUs were used to enhance the experience on computing platforms, most notably in gaming applications on PCs. GPU use cases have since emerged as important semiconductors used in artificial intelligence. Nvidia not only offers AI GPUs, but also a software platform, Cuda, used for AI model development and training. Nvidia is also expanding its data center networking solutions, helping to tie GPUs together to handle complex workloads.

Employees: 29,600

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

23,524% more repeat investments, than reductions

Existing positions increased: 4,016 | Existing positions reduced: 17

112% more first-time investments, than exits

New positions opened: 359 | Existing positions closed: 169

35% more capital invested

Capital invested by funds: $1.45T [Q1] → $1.94T (+$499B) [Q2]

17% more funds holding in top 10

Funds holding in top 10: 1,495 [Q1] → 1,750 (+255) [Q2]

5% more funds holding

Funds holding: 4,220 [Q1] → 4,410 (+190) [Q2]

0.41% less ownership

Funds ownership: 64.44% [Q1] → 64.04% (-0.41%) [Q2]

18% less call options, than puts

Call options by funds: $119B | Put options by funds: $145B

Research analyst outlook

35 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $90 28% downside
• Avg. target: $153 22% upside
• High target: $200 60% upside

35 analyst ratings

• positive: 33 94%
• neutral: 2 6%
• negative: 0 0%

B of A Securities Vivek Arya 52% 1-year accuracy 23 / 44 met price target	32% upside $165	Buy Reiterated	5 Sept 2024
Bernstein Stacy Rasgon 75% 1-year accuracy 3 / 4 met price target	24% upside $155	Outperform Maintained	29 Aug 2024
Piper Sandler Harsh Kumar 52% 1-year accuracy 12 / 23 met price target	12% upside $140	Overweight Maintained	29 Aug 2024
Wedbush Matt Bryson 50% 1-year accuracy 21 / 42 met price target	10% upside $138	Outperform Reiterated	29 Aug 2024
Cantor Fitzgerald C J Muse 61% 1-year accuracy 22 / 36 met price target	40% upside $175	Overweight Reiterated	29 Aug 2024