Baillie Gifford Reduces $640M in NVIDIA Corporation ($NVDA)
Key Points
- Baillie Gifford changed its NVIDIA Corporation ($NVDA) stake by 7.1% last quarter, cutting to 40,748,665 shares worth $8.36 billion.
- Wall Street's consensus rating on $NVDA is Strong Buy and an average price target of $298.93.
- $NVDA last traded around $205.17.
Baillie Gifford trimmed its position in NVIDIA Corporation ($NVDA) by 7.1% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,748,665 shares of NVIDIA Corporation after selling 3,119,040 shares during the quarter. Baillie Gifford's holdings in NVIDIA Corporation were worth $8.36 billion as of its most recent filing.
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About NVIDIA Corporation
NVIDIA Corporation operates as a data center scale AI infrastructure company. The company operates through two segments, Compute & Networking, and Graphics segments. The Compute & Networking segment provides data center accelerated computing and networking platforms and artificial intelligence solutions and software, and automotive platforms and autonomous and electric vehicle solutions, including software. The Graphics segment offers GeForce GPUs for gaming and PCs; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics. The company's products are used in gaming, professional visualization, data center, and automotive markets. The company sells its products to original equipment manufacturers, original device manufacturers, system integrators and distributors, independent software vendors, cloud service providers, add-in board manufacturers, distributors, automotive manufacturers and tier-1 automotive suppliers, and other ecosystem participants worldwide. The company has a strategic collaboration with Tech Mahindra Limited, Lumentum Holdings Inc., Nebius Group N.V., IREN Limited, VinFast Auto Ltd., Autobrains Technologies Ltd, and SK hynix Inc. NVIDIA Corporation was incorporated in 1993 and is headquartered in Santa Clara, California.
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