NVIDIANVDA Market cap $3.06T
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
35 analyst ratings
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 |
Financial journalist opinion
Based on 628 articles about NVDA published over the past 30 days