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Progressive Investment Management Corp, managed by Carsten Henningsen, recently executed a significant transaction involving Nvidia Corporation ((NVDA)). The hedge fund increased its position by 61,272 shares.
Spark’s Take on NVDA Stock
According to Spark, TipRanks’ AI Analyst, NVDA is a Outperform.
Nvidia’s overall stock score is bolstered by its robust financial performance, evidenced by significant revenue growth and strong profitability. Technical indicators show moderate strength but suggest caution due to overbought conditions and potential resistance levels. The valuation appears high, reflecting market optimism but also potential risks of overvaluation. Positive earnings call sentiment and strong guidance further support the stock’s attractiveness.
To see Spark’s full report on NVDA stock, click here.
More about Nvidia Corporation
YTD Price Performance: -3.24%
Average Trading Volume: 287,140,263
Current Market Cap: $2999.7B