Overview

• Citation of filings shows Citadel cut its Palantir stake by 48%, Stanley Druckenmiller’s Duquesne exited, and Bridgewater sold its remaining shares.
• HSBC upgraded Nvidia to Buy with a $320 target, citing a larger GPU market extending beyond hyperscalers and potential demand recovery in China.
• Nvidia maintains over 90% GPU share, with data center revenue rising to $41.1 billion from $10.3 billion two years ago, supported by its CUDA software and NVLink networking moat.
• Piper Sandler lifted Palantir’s target to $201 and keeps an Overweight view, highlighting strong bookings and contract visibility while cautioning that valuation leaves little margin for error.
• Broadcom and OpenAI announced a multiyear plan to co-develop accelerators targeting 10 gigawatts by 2029, as supplier diversification also features AMD and TSMC, and Nvidia deepens ties with OpenAI through a reported investment of up to $100 billion.