Algebris UK Boosts Stake in NVIDIA Amid Positive Analyst Sentiment
Algebris UK Ltd. has recently acquired a new stake in NVIDIA Corporation (NASDAQ: NVDA), purchasing 11,098 shares valued at approximately $2,214,000 during the second quarter, according to its latest 13F filing with the SEC. This move aligns with a broader trend of institutional investors increasing their positions in the company. Other firms, such as Lifetime Wealth Management P.C., Longview Financial Advisors Inc., and Langley Wealth Management LLC, also bought new stakes in NVIDIA during recent quarters, with values ranging from $26,000 to $60,000.
NVIDIA has been garnering positive sentiment from analysts and investors alike. Morgan Stanley named NVIDIA its top semiconductor pick, maintaining an Overweight rating and setting a $300 price target. The firm highlighted NVIDIA’s software ecosystem, scale, and positioning across AI infrastructure trends as key strengths. Additionally, NVIDIA’s recent $150 billion buyback authorization, lifting total remaining repurchase capacity to approximately $235 billion, has been viewed as a sign of management confidence.
However, there are some cautious notes. The broader semiconductor and technology sector remains sensitive to interest rates, economic data, and shifts in institutional positioning. Reports suggest that Amazon may move roughly $8 billion of NVIDIA chips off its balance sheet through leasing or financing structures, which could add scrutiny around AI infrastructure financing. Export-control concerns also persist, following allegations of NVIDIA chip smuggling to China, and concerns about GPU depreciation undermining AI infrastructure economics.
NVIDIA’s stock opened at $233.95 on Monday, with a 12-month low of $164.27 and a high of $237.88. The company reported $2.22 earnings per share for the latest quarter, surpassing the consensus estimate of $2.09. Analysts expect NVIDIA to post 9.25 EPS for the current fiscal year. Institutional investors and hedge funds own 65.27% of the company's stock.