Purus Wealth Management LLC Has $52.85 Million Holdings in NVIDIA Corporation $NVDA

Key Points

• Purus Wealth Management trimmed its NVIDIA position by 1.2% in the second quarter, but still held 264,152 shares worth approximately $52.85 million. NVIDIA remains the fund’s largest holding, representing 14.6% of its portfolio.
• Institutional investors own 65.27% of NVIDIA, while the company has authorized an $80 billion share-repurchase program covering up to 1.5% of outstanding shares.
• NVIDIA maintains a consensus “Buy” rating with a $308.01 price target, but investors face risks from elevated valuation, higher Treasury yields, potential AI-infrastructure overinvestment, emerging competitors and uncertainty around China-related chip sales.

Purus Wealth Management LLC lowered its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 264,152 shares of the computer hardware maker's stock after selling 3,090 shares during the period. NVIDIA accounts for 14.6% of Purus Wealth Management LLC's portfolio, making the stock its largest holding. Purus Wealth Management LLC's holdings in NVIDIA were worth $52,854,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NVDA. Norges Bank bought a new position in shares of NVIDIA during the 4th quarter valued at $62,244,133,000. J. Stern & Co. LLP lifted its stake in shares of NVIDIA by 13,709.1% in the 4th quarter. J. Stern & Co. LLP now owns 125,760,307 shares of the computer hardware maker's stock valued at $23,454,297,000 after purchasing an additional 124,849,603 shares during the last quarter. Cardano Risk Management B.V. boosted its holdings in NVIDIA by 896.4% in the fourth quarter. Cardano Risk Management B.V. now owns 78,123,960 shares of the computer hardware maker's stock worth $14,570,119,000 after purchasing an additional 70,283,539 shares in the last quarter. Capital Research Global Investors raised its holdings in NVIDIA by 16.1% during the third quarter. Capital Research Global Investors now owns 165,377,852 shares of the computer hardware maker's stock valued at $30,855,564,000 after buying an additional 22,896,705 shares in the last quarter. Finally, Laurel Wealth Advisors LLC lifted its holdings in NVIDIA by 15,496.1% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 21,865,525 shares of the computer hardware maker's stock worth $3,454,534,000 after purchasing an additional 21,725,326 shares during the last quarter. Institutional investors own 65.27% of the company's stock.

NVIDIA Stock Performance

Shares of NASDAQ NVDA opened at $214.75 on Monday. The company has a quick ratio of 2.85, a current ratio of 3.44 and a debt-to-equity ratio of 0.04. The business's 50 day moving average is $207.47 and its two-hundred day moving average is $199.62. The company has a market cap of $5.20 trillion, a P/E ratio of 32.89, a P/E/G ratio of 0.42 and a beta of 2.23. NVIDIA Corporation has a 12 month low of $164.07 and a 12 month high of $236.54.

NVIDIA declared that its Board of Directors has approved a share buyback plan on Wednesday, May 20th that authorizes the company to buyback $80.00 billion in shares. This buyback authorization authorizes the computer hardware maker to reacquire up to 1.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its shares are undervalued.

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA is reportedly in advanced talks to invest several hundred million dollars in Cloverleaf Infrastructure, a developer of U.S. data-center power and infrastructure. The move could help address the electricity bottleneck limiting AI capacity while strengthening NVIDIA’s role in projects that use its systems. Nvidia in Talks to Invest in Data-Center Power Developer Cloverleaf Infrastructure
• Positive Sentiment: Analyst support remains strong before earnings. BMO named NVIDIA its top semiconductor pick with a $340 price target, while Jefferies reportedly expects revenue to exceed consensus by roughly $3 billion. Consensus forecasts call for approximately $91 billion of quarterly revenue, supported by Blackwell and broader AI infrastructure demand. Nvidia stock dubbed top pick ahead of Q2 earnings
• Positive Sentiment: Reports that SpaceX is standardizing its AI infrastructure on NVIDIA chips reinforce the company’s competitive position and could support demand for its next-generation Vera Rubin platform. NVIDIA is also exploring a potential partnership or acquisition involving South Korean AI-chip designer Rebellions, indicating continued investment in its AI ecosystem. NVIDIA Could Snap up Korean AI Chip Startup Rebellions
• Neutral Sentiment: NVIDIA’s proposed investment in Cloverleaf follows other efforts to finance AI infrastructure and convert future GPU capacity into a financeable asset. The strategy could accelerate deployments, but it also exposes NVIDIA to capital-allocation and customer-financing risks. Nvidia Makes Another Bet on the AI Power Bottleneck
• Negative Sentiment: Investors are weighing possible competitive and product risks. NVIDIA is reportedly testing Rubin Ultra configurations with less high-bandwidth memory than originally planned, while Microsoft is preparing its own Maia 300 AI chip. These developments could raise questions about performance, supply availability and long-term customer diversification. NVIDIA and AMD: Rubin Ultra memory reports
• Negative Sentiment: NVIDIA denied a report that it plans small-batch shipments of a China-specific AI chip by year-end, removing a potential near-term catalyst. Analysts also say any renewed China H200 sales may have only a limited effect on revenue. Nvidia to ship AI chip for China by year-end
• Negative Sentiment: Higher Treasury yields and warnings from investors such as Michael Burry that AI data-center financing may be excessive are adding valuation pressure ahead of a high-expectation earnings event.

Insider Transactions at NVIDIA

In related news, Director Stephen C. Neal sold 15,500 shares of the company's stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $215.73, for a total transaction of $3,343,815.00. Following the completion of the transaction, the director directly owned 116,135 shares in the company, valued at $25,053,803.55. This represents a 11.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John Dabiri sold 625 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $214.00, for a total transaction of $133,750.00. Following the completion of the sale, the director directly owned 14,163 shares of the company's stock, valued at approximately $3,030,882. This trade represents a 4.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 1,901,125 shares of company stock worth $410,583,015. Insiders own 3.94% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Melius Research set a $400.00 price target on NVIDIA in a report on Thursday, May 21st. DA Davidson set a $335.00 price objective on shares of NVIDIA in a research note on Friday. Wall Street Zen downgraded shares of NVIDIA from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 4th. Oppenheimer set a $265.00 target price on shares of NVIDIA in a research note on Thursday. Finally, HSBC reiterated a "buy" rating and issued a $325.00 target price (up from $295.00) on shares of NVIDIA in a research note on Tuesday, May 19th. Three investment analysts have rated the stock with a Strong Buy rating, forty-nine have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, NVIDIA currently has a consensus rating of "Buy" and a consensus price target of $308.01.

About NVIDIA

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company's product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

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