NVIDIA Co. (NASDAQ:NVDA) Stake Boosted by Optas LLC
Optas LLC grew its stake in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 1.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 125,161 shares of the computer hardware maker’s stock after acquiring an additional 1,901 shares during the period.
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Read MoreBig Tech Pain Is Mounting as Risk-Wary Traders Dump Winners
For some time now, there have been plenty of reasons to worry about Big Tech stocks. Stretched valuations after a big run up, heavy spending on artificial intelligence and lofty expectations for future growth. For months, though, none of it seemed to matter.
Something changed in the past week, however. The so-called Magnificent Seven stocks are sliding.
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Read MoreTrading Plan: Will Nifty defend 22,000, Bank Nifty sustain above 48,000?
Considering the RSI is in the oversold zone, a possible rebound could push the Nifty 50 toward 22,300 (the immediate target), followed by 22,500. However, if the downtrend continues, the index may …
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Read MoreTesla’s 40% Plunge Burns Koreans Who Plowed Into Leveraged ETFs
Tesla Inc.’s share price slump is taking a toll on risk-loving investors in South Korea, who have plowed into leveraged bets on the US carmaker.
Korean investors were by far the biggest holders of the Leverage Shares 3x Tesla exchange-traded product listed in London, according to Feb.
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Read MoreThe Burst
The Ivy
Is This Former High Flyer a Screaming Buy?
Nvidia, a leading manufacturer of graphics processing units (GPUs), had a record-breaking year in 2022 with annual revenue reaching north of $26 billion, an increase of over 60%.
Earnings also improved by over 120%, totaling $3.85 per share. One of the major contributors to this success was the Data Center segment, which accounted for 40% of the company’s overall sales in the fiscal year and has seen a CAGR of 66% over the past 5 years.
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