Ninepoint Partners Buys NVIDIA Stake Amid Strong Institutional Interest
Ninepoint Partners LP has acquired a new stake in NVIDIA Corporation (NASDAQ:NVDA) during the second quarter, according to its latest 13F filing with the SEC. The firm purchased 25,182 shares, valued at approximately $5,039,000. Other hedge funds also made adjustments to their positions, with Lifetime Wealth Management P.C., Longview Financial Advisors Inc., Langley Wealth Management LLC, Phillip James Consulting Co., and Frankly Finances LLC all buying new stakes in NVIDIA during various quarters.
Positive sentiment surrounding NVIDIA has been bolstered by several recent developments. Morgan Stanley named NVIDIA its top semiconductor pick, maintaining an Overweight rating and setting a $300 price target. The firm believes NVIDIA’s software ecosystem, scale, and positioning across AI infrastructure trends give it a durable competitive moat. Additionally, NVIDIA’s $150 billion buyback authorization lifts its total remaining repurchase capacity to approximately $235 billion, which investors view as a sign of management confidence.
Barclays estimates NVIDIA could generate $401 billion in hyperscaler revenue by 2027, supporting demand for its next-generation systems. However, the broader semiconductor and technology sector remains sensitive to interest rates, economic data, and shifts in institutional positioning. Negative sentiment includes reports that Amazon may move $8 billion of NVIDIA chips off its balance sheet, adding scrutiny around AI infrastructure financing, and export-control concerns after a California man was prosecuted for smuggling NVIDIA chips to China.
NVIDIA’s stock opened at $233.95 on Monday, with a market cap of $5.64 trillion and a PE ratio of 29.58. The company reported $2.22 EPS for the latest quarter, beating analysts' estimates of $2.09. Analysts have set an average target price of $320.71, with consensus ratings leaning towards Buy. Insiders, including EVP Timothy S. Teter and Director Mark A. Stevens, have sold significant shares of the company's stock in recent transactions.