Nvidia Dominates AI Chip Market, But Institutional Holders Show Unsettling Trend — Is The Spark Fading?
Portfolio Pulse from Surbhi Jain
Nvidia Corp (NASDAQ:NVDA) has seen its stock rise over 200% this year due to exceeding investor expectations and consistent EPS and revenue beats. The company dominates 80% of the AI chip market. However, data shows a decline in hedge fund and institutional ownership of Nvidia stock. The top 5 institutional holders have decreased their ownership in the last reported quarter. The reasons for this trend could be profit-taking, expectations of a downtrend, or unheeded warning signs.
November 03, 2023 | 1:55 pm
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Nvidia's stock has seen a significant rise this year, but there's a concerning trend of declining institutional ownership. This could potentially impact the stock's performance in the short term.
Despite Nvidia's strong performance and dominance in the AI chip market, the decline in institutional ownership could indicate a lack of confidence in the stock's future performance. This could potentially lead to a decrease in the stock's price in the short term.
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