Early morning of November 14th, Beijing time, Bridgewater Associates, the world's largest hedge fund, released its holdings report as of the end of the third quarter of this year. The report shows that Bridgewater significantly reduced its holdings in chip giant Nvidia during the third quarter. The reduction in holdings reached as high as 65.3%. Meanwhile, Barclays... Several large institutions, including Citigroup, also reduced their holdings in Nvidia .
The report shows that as of the end of the third quarter of this year, Bridgewater held 2.51 million shares of Nvidia , a 65.3% decrease from 7.23 million shares at the end of the second quarter. It's worth noting that in the second quarter of this year, Bridgewater increased its Nvidia holdings by a significant 154.37%. This reduction indicates that Bridgewater is becoming more cautious about Nvidia's future performance.
As of November 13, Nvidia's stock price had risen nearly 40% year-to-date, and its market capitalization briefly surpassed $5 trillion at the end of last month. However, with the market's focus on artificial intelligence... As concerns about a bubble grew, its stock price began to fluctuate significantly.
Besides Bridgewater, many other large institutions also reduced their holdings in Nvidia. 13F filings show that as of the end of the third quarter, Barclays held 100 million Nvidia shares, a 53.67% decrease compared to the end of the second quarter; Citigroup... The New York State Mutual Retirement Fund holds 57.11 million Nvidia shares, a decrease of 8.25% compared to the end of the second quarter; the New York State Mutual Retirement Fund holds 27.27 million Nvidia shares, a decrease of 5.38% compared to the end of the second quarter.
Neuberger Berman Capital released a report stating that one of the most worrying phenomena in the AI industry is the emergence of "circular financing." OpenAI, along with Nvidia, AMD, and Oracle, is mentioned. The collaboration between companies like OpenAI is a prime example. In a landmark agreement, Nvidia agreed to invest up to $100 billion in OpenAI, to be implemented in phases, and to build data centers with OpenAI. The progress is linked to the project. This model inflates the performance and valuation of both parties on paper, but in reality, it is a closed-loop capital cycle, and the risks are therefore highly concentrated.
(Source: Shanghai Securities) (Report)
