In an article in the Weekend Australian it was reported that a group of Australian investors from James Packers CPH to Macquarrie had amassed a combined $US10Bn ($15.4Bn AUD) holding in Nvidia.
Using this forums 1% rule 15,400,000,000 div by 100 = 154,000,000 @40c/share is 385,000,000 shares.
It's easy to see how these institutional buyers can amass huge amounts of shares for what appears to be a tiny part of their portfolio.
On top of all the news that we know about it will only take one decent ASX announcement to put a rocket under this share price and all the faithful retail holders will be handsomely rewarded.
GLTA
Cheers
Hi Boab, the instos no doubt have deep pockets, but you would need very deep pockets indeed to become a substantial holder of Nvidia, which now has a market cap of more than US$2 trillion ($2,000,000,000,000 - that's a lot of zeroes behind the 2)).
Speaking of which I still haven't seen a "Becoming a Substantial Holder" or "Change in Substantial Holding" notice re BRN as yet, since the recent massive increase in BRN market cap, so doesn't look like a single player accumulating, and as I said recently I believe a lot of retail buyers in Oz want to get in on the AI buzz sweeping the planet just lately.
This has also been on the back of all time highs - in not only US major indexes, but also many other indexes around the globe, the AI buzz has had a profound impact on these global highs (i.e. the magnificent seven). I am expecting some of these indexes are getting close to topping out in the near future, but I don't think we will see a precipitous crash as some are saying.
For AI a retreat from these highs may impact CAGR going forward, but IMO AI has now become an accepted pillar of compute technology moving ahead because of the multitude of benefits that will be derived from its' implementation. In terms of neuromorphic BRN currently leads the way on several fronts, and the one or few shot learning capability combined with the power and energy saving capabilities make Akida a killer. Use it or get left behind.
My Elliott Wave analysis still has me looking for further highs, onwards and upwards.