CTC Reduces $166M in NVIDIA Corporation ($NVDA)
Key Points
- CTC changed its NVIDIA Corporation ($NVDA) stake by 100.0% last quarter, cutting to 0 shares.
- Wall Street's consensus rating on $NVDA is Strong Buy and an average price target of $298.93.
- $NVDA last traded around $205.17.
CTC reduced its position in NVIDIA Corporation ($NVDA), according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 0 shares of NVIDIA Corporation after selling 808,352 shares during the quarter.
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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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