NVDA Hedge Fund Sales Signal Caution Ahead

2 months ago

"NVDA, you know, their shares have been down more than one and a half percent. And this is what's happening. A filing is showing that Peter Charles hedge fund tail macro, it's sold off its holdings in NVIDIA during the third quarter. And how much are we talking? We'll get to the numbers. Offloaded its entire position 537,742 shares. It would have been worth about 100 million based on the closing price from September 30th. Its main bets are now Apple, Microsoft and a reduced stake in Tesla. But it's really the timing of all this, right? Rising concerns about the air bubble investment bubble. SoftBank also announced that it sold off a shares of NVIDIA. So that has people concerned and the shares are lower this morning."

NVDA commentary highlights a significant hedge fund offload of 537,742 shares during Q3, suggesting underlying market concern as shares dip over 1.5%. The discussion points to a potential shift in investor sentiment amid fears of an investment bubble, with broader implications for the stock.

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