BlackRock Amends NVIDIA Stake, Remains Key Institutional Holder

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

From the Filing

0001086364-24-004712.txt : 20240126 0001086364-24-004712.hdr.sgml : 20240126 20240126162347 ACCESSION NUMBER: 0001086364-24-004712 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240126 DATE AS OF CHANGE: 20240126 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NVIDIA CORP CENTRAL INDEX KEY: 0001045810 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 943177549 STATE OF INCORPORATION: DE FISCAL YEAR END: 0128 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-56649 FILM NUMBER: 24568201 BUSINESS ADDRESS: STREET 1: 2788 SAN TOMAS EXPRESSWAY CITY: SANTA CLARA STATE: CA ZIP: 95051 BUSINESS PHONE: 408-486-2000 MAIL ADDRESS: STREET 1: 2788 SAN TOMAS EXPRESSWAY CITY: SANTA CLARA STATE: CA ZIP: 95051 FORMER COMPANY: FORMER CONFORMED NAME: NVIDIA CORP/DE DATE OF NAME CHANGE: 20020612 FORMER COMPANY: FORMER CONFORMED NAME: NVIDIA CORP/CA DATE OF NAME CHANGE: 19980303 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us67066g1040_012624.txt us67066g1040_012624.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 11) NVIDIA CORP -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 67066G104 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 67066G104 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 162856513 (6) Shared voting power 0 (7) Sole dispositive power 180593555 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 180593555 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 7.3% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- NVIDIA CORP Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 2788 SAN TOMAS EXPRESSWAY SANTA CLARA CA 95051 Item 2. 2(a) Name of person filing: ---------------