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Appaloosa Management has significantly reduced its stake in Nvidia, cutting its investment by over 84%, or approximately $379 million, to about $85 million. This move follows similar actions by other hedge funds, including Citadel, which sold 500,000 shares during the second quarter, reducing its remaining position value to $19 million from $60 million at the end of March. Elliott Management has also completely divested from Nvidia. Despite these reductions, some hedge funds have increased their positions in the semiconductor company, indicating mixed sentiment in the market ahead of a potential downturn.
Nancy v Citadel? Citadel dumped 500,000 $NVDA shares during Q2, lowering its position to $19M by the end of June, down from $60M in March Meanwhile, Nancy bought $2.5M of $NVDA last month Who are you following? https://t.co/aI4fzqsH2S https://t.co/GxSCP5y7wb
$NVDA | Citadel And DE Shaw Slashed Nvidia Holdings Ahead Of Market Rout – FT
Citadel slashed its shares in the chipmaking giant ahead of the recent market rout, while Elliott Management ditched its entire holding. But other hedge funds added to their positions. https://t.co/yaFMfaY1mf https://t.co/wezQGXQuwx
