Morgan Stanley Reduces $7M in NVIDIA Corporation ($NVDA)
Key Points
- Morgan Stanley changed its NVIDIA Corporation ($NVDA) stake by 85.7% last quarter, cutting to 6,025 shares worth $1.24 million.
- Wall Street's consensus rating on $NVDA is Strong Buy and an average price target of $298.93.
- $NVDA last traded around $205.17.
Morgan Stanley reduced its position in NVIDIA Corporation ($NVDA) by 85.7% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,025 shares of NVIDIA Corporation after selling 36,215 shares during the quarter. Morgan Stanley's holdings in NVIDIA Corporation were worth $1.24 million 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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