Nvidia Upgraded on 35% Upside as Q3 Stakes Shift Among Funds
Hyperscaler capex surges and falling compute costs underpin Nvidia’s structural AI demand, with an analyst upgrade implying about 35% upside despite macro risks. In Q3, Peterson Wealth Management trimmed its Nvidia stake by 27.6%, while Keel Point raised its holding by 17.1% and PMG Family Office bought 11,525 shares (~$2.15M).
1. Analyst Upgrade Boosts Upside Projection
An analyst upgrade highlights sustained structural AI demand for Nvidia, driven by increased hyperscaler capital expenditures and declining compute costs, projecting approximately 35% share price upside despite potential macro and supply-chain headwinds.
2. Peterson Wealth Management Trims Stake
In Q3, Peterson Wealth Management reduced its Nvidia holding by 27.6%, selling 19,952 shares to leave a remaining 52,312-share position, signaling a partial rotation away from the stock.
3. Keel Point LLC Raises Holding
During the same quarter, Keel Point LLC increased its stake by 17.1%, acquiring an additional 27,032 shares to reach a total of 185,051 shares, reflecting confidence in Nvidia's growth trajectory.
4. PMG Family Office Initiates Position
PMG Family Office reported its first entry into Nvidia, purchasing 11,525 shares valued near $2.15 million, marking a fresh institutional endorsement of the company's AI-driven outlook.