Korea Investment Reduces $143M in NVIDIA Corporation ($NVDA)
Key Points
- Korea Investment changed its NVIDIA Corporation ($NVDA) stake by 3.84% last quarter, cutting to 18,137,116 shares worth $3.59 billion.
- Wall Street's consensus rating on $NVDA is Strong Buy and an average price target of $323.42.
- $NVDA last traded around $198.09.
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Korea Investment trimmed its position in NVIDIA Corporation ($NVDA) by 3.84% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,137,116 shares of NVIDIA Corporation after selling 723,324 shares during the quarter. Korea Investment's holdings in NVIDIA Corporation were worth $3.59 billion as of its most recent filing.
NVIDIA Corporation Stock Down 8.9%
Shares of NVIDIA Corporation ($NVDA) traded around $198.09 on Saturday, down 8.9% for the day.
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About NVIDIA Corporation
NVIDIA Corporation operates as a data center scale AI infrastructure company in the United States, Taiwan, China, Hong Kong, Europe, and internationally. It operates through 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. It 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. NVIDIA Corporation was incorporated in 1993 and is headquartered in Santa Clara, California.
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