Capelight Increases NVIDIA Holdings Amid Record-Breaking Results

Capelight Capital Asset Management LP has significantly increased its holdings in NVIDIA Corporation. In the second quarter, the fund purchased an additional 13,000 shares of NVDA, increasing its total ownership by 39.4% to 46,000 shares. This represents approximately 4.4% of Capelight's investment portfolio, making it the firm's seventh-largest holding. The value of NVIDIA in Capelight's holdings is $9,204,000, according to its most recent SEC filing.

The news comes as NVIDIA has seen significant growth and interest from investors. The company recently reported record-breaking results for its second quarter, exceeding analyst expectations with revenue reaching $96.2 billion, up 106% year-over-year. Data Center revenue rose 117% to $89.0 billion, while non-GAAP EPS was $2.22 versus the $2.09 consensus.

NVIDIA's strong performance has also led to increased analyst targets, with firms such as JPMorgan and RBC lifting their targets to $320 and $330, respectively. The company's growth, margins, and CUDA ecosystem have been cited as key factors in these upgrades.