Manning & Napier Advisors LLC, managed by Bill Manning, recently executed a significant transaction involving Nvidia Corporation ((NVDA)). The hedge fund increased its position by 609,721 shares.
Spark’s Take on NVDA Stock
According to Spark, TipRanks’ AI Analyst, NVDA is a Outperform.
Nvidia demonstrates strong financial performance, underpinned by significant revenue growth and robust profitability. While technical analysis reflects bearish trends, the positive earnings call with strong guidance and product success provides a favorable outlook. However, the high valuation could limit upside potential.
To see Spark’s full report on NVDA stock, click here.
More about Nvidia Corporation
YTD Price Performance: -26.36%
Average Trading Volume: 316,169,603
Current Market Cap: $2412.9B