NVIDIA (NVDA)

• Market cap: $3.45T
• 1 day: 2.27%
• 5 days: 3.51%
• 1 month: 0.83%
• 3 months: -2.00%
• 6 months: 14.00%
• Year to date: 1.82%
• 1 year: 136.09%
• 5 years: 2,171.45%
• 10 years: 27,649.75%
• Sector: Information Technology
• Industry: Semiconductors & Related Devices

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 Q3 regulatory filings by fund managers ($100M+ AUM)

111% more first-time investments, than exits

New positions opened: 243 | Existing positions closed: 115

25% more repeat investments, than reductions

Existing positions increased: 2,249 | Existing positions reduced: 1,802

2% more funds holding

Funds holding: 4,457 [Q2] → 4,524 (+67) [Q3]

1% less funds holding in top 10

Funds holding in top 10: 1,767 [Q2] → 1,742 (-25) [Q3]

2.93% less ownership

Funds ownership: 67.28% [Q2] → 64.35% (-2.93%) [Q3]

6% less capital invested

Capital invested by funds: $2.04T [Q2] → $1.91T (-$132B) [Q3]

23% less call options, than puts

Call options by funds: $106B | Put options by funds: $138B

Research analyst outlook

29 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $135 4% downside
• Avg. target: $175 24% upside
• High target: $220 56% upside

29 analyst ratings

• positive: 27 93%
• neutral: 2 7%
• negative: 0 0%

Barclays Blayne Curtis 52% 1-year accuracy 24 / 46 met price target	24% upside $175	Overweight Maintained	17 Jan 2025
HSBC Frank Lee 60% 1-year accuracy 6 / 10 met price target	31% upside $185	Buy Maintained	13 Jan 2025
Rosenblatt Hans Mosesmann 55% 1-year accuracy 39 / 71 met price target	56% upside $220	Buy Maintained	8 Jan 2025
Benchmark Cody Acree 61% 1-year accuracy 22 / 36 met price target	35% upside $190	Buy Reiterated	7 Jan 2025
DA Davidson Gil Luria 63% 1-year accuracy 29 / 46 met price target	4% downside $135	Neutral Maintained	22 Nov 2024