BlackRock Amends NVIDIA Stake, Remains Key Institutional Holder
Ticker: NVDA · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 1045810
| Field | Detail |
|---|---|
| Company | Nvidia CORP (NVDA) |
| Form Type | SC 13G/A |
| Filed Date | Jan 26, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock still owns a big chunk of NVIDIA, signaling institutional confidence.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 26, 2024, indicating its ownership of NVIDIA CORP's common stock as of December 31, 2023. This filing is an amendment (Amendment No: 11) to a previous disclosure, showing BlackRock continues to be a significant institutional holder of NVIDIA shares. This matters to investors because large institutional ownership by firms like BlackRock can signal confidence in the company's long-term prospects and can influence stock stability due to their typically long holding periods.
Why It Matters
This filing confirms BlackRock's continued significant ownership in NVIDIA, which can be a positive signal for investors as it indicates a major institutional investor's ongoing confidence in the company.
Risk Assessment
Risk Level: low — This filing is a routine update from a major institutional investor and does not indicate any immediate risks or significant changes in NVIDIA's fundamentals.
Analyst Insight
An investor should note that BlackRock's continued ownership suggests institutional confidence, but this filing alone doesn't provide new information about NVIDIA's operational performance or future outlook. It's a routine disclosure of a passive investment.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- NVIDIA CORP (company) — the subject company whose common stock is being reported
- December 31, 2023 (date) — the date of the event which required the filing
- January 26, 2024 (date) — the date the SC 13G/A was filed
Forward-Looking Statements
- BlackRock will likely maintain a significant stake in NVIDIA for the foreseeable future. (BlackRock Inc.) — high confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment (Amendment No: 11) to a Schedule 13G filing under the Securities Exchange Act of 1934.
Who is the 'subject company' in this filing?
The subject company is NVIDIA CORP, identified by CIK 0001045810 and located at 2788 SAN TOMAS EXPRESSWAY, SANTA CLARA, CA 95051.
Who filed this SC 13G/A?
This SC 13G/A was filed by BlackRock Inc., identified by CIK 0001364742 and located at 50 HUDSON YARDS, NEW YORK, NY 10001.
What is the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' is December 31, 2023.
What is the CUSIP Number for the class of securities reported?
The CUSIP Number for the Common Stock of NVIDIA CORP is 67066G104.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 26, 2024 regarding NVIDIA CORP (NVDA).