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    Burney Co. Bets Big on NVIDIA’s Growth Potential

    ByMarta Bryła

    lis 21, 2023
    Burney Co. Bets Big on NVIDIA’s Growth Potential

    In a surprising move, Burney Co., an institutional investor, has significantly increased its stake in NVIDIA Co. During the second quarter, they acquired an additional 18,431 shares, representing a 439.3% increase in their holdings. This bold step clearly demonstrates Burney Co.’s confidence in NVIDIA’s potential for growth.

    With this recent acquisition, Burney Co.’s holdings in NVIDIA have reached an impressive value of $9,572,000, as confirmed in their most recent disclosure with the U.S. Securities and Exchange Commission (SEC). However, they are not the only ones confident in NVIDIA’s future prospects.

    Similar sentiments are shared by other hedge funds and institutional investors. Bank Julius Baer & Co. Ltd Zurich, for instance, experienced an astounding 84,165.9% boost in their position in NVIDIA during the second quarter. Geode Capital Management LLC and Morgan Stanley have also increased their holdings, further solidifying their belief in NVIDIA’s long-term prospects.

    NVIDIA has shown impressive growth potential with its stock prices ranging from a 12-month low of $138.84 to a 12-month high of $505.48. The company’s 50-day moving average stands at $445.22, while the 200-day moving average is at $425.77. With a market capitalization of $1.25 trillion, NVIDIA has cemented its position as a leading player in the computer hardware industry.

    NVIDIA’s recent earnings report has only fueled investor confidence further. The company reported earnings per share of $2.70 for the quarter, surpassing the consensus estimate of $2.08. In addition, NVIDIA’s quarterly revenue was up 101.5% on a year-over-year basis, reinforcing its status as a powerhouse in the industry.

    This positive outlook for NVIDIA has not gone unnoticed by analysts. Barclays, Deutsche Bank Aktiengesellschaft, KeyCorp, and Oppenheimer have all increased their price targets for NVIDIA’s stock, indicative of the market’s favorable sentiment towards the company.

    With Burney Co.’s significant stake acquisition and the overall positive sentiment surrounding NVIDIA, it is evident that the company is poised for continued success in the future. Investors eagerly anticipate the next chapter in this successful journey.

    Key Terms
    – Burney Co.: A major institutional investor that has increased its stake in NVIDIA Co.
    – SEC: The U.S. Securities and Exchange Commission, the regulatory agency for securities markets.

    Related Links
    – NVIDIA: Oficjalna strona NVIDIA, zawierająca informacje o ich produktach i usługach.