1. Elliott added put options on NVIDIA Corp in Q4. 2. Elliott increased positions in several tech stocks significantly. 3. The firm closed out of various call positions across different sectors. 4. Recent changes indicate a more cautious stance in tech, including NVDA.
The addition of put options suggests a negative outlook for NVDA. Historical cases show bearish positions often correlate with declining stock prices.
Elliott's significant investment adjustments can sway market perceptions of NVDA. Given their influence, these changes hold considerable weight in the tech sector.
Market reaction to Elliott’s moves may influence NVDA in the near term. Similar past actions by hedge funds often shift stock sentiment quickly.