Institutions Adjust NVIDIA Stakes by Up to 37.9% as Analyst Warns of $110 Trough
Global X Japan lifted NVIDIA holdings 37.9% to 485,510 shares, Fort Washington Advisors raised its stake 8% to 2.67 million shares, JFS Wealth added 22.8% to 23,325 shares, and Stephens Consulting cut theirs 43.7% to 13,954 shares. A technical analyst predicts NVIDIA stock could drop to $110, highlighting downside risk.
1. Institutional Stake Movements
Several institutional investors updated their NVIDIA positions in the latest quarter. Global X Japan boosted its stake 37.9% to 485,510 shares, Fort Washington Advisors increased holdings 8% to 2.67 million shares, and JFS Wealth added 22.8% to 23,325 shares, while Stephens Consulting trimmed its position 43.7% to 13,954 shares.
2. Bearish Technical Forecast
A trading analyst has set a target of $110 for NVIDIA, signaling a potential corrective phase. This forecast underscores heightened downside risk despite recent volume and sentiment shifts.