Assenagon Asset Management S.A. Sells 400,735 Shares of NVIDIA Corporation $NVDA - MarketBeat

On June 30, 2026, Assenagon Asset Management S.A. reduced its NVIDIA stake by 1.9% in the first quarter, selling 400,735 shares, ending with 20,486,718 shares valued at approximately $3.57 billion. De... Read original →

Assenagon’s modest NVIDIA stake reduction signals European institutional risk recalibration amid extreme valuation, not skepticism toward AI demand. Technologically, NVIDIA’s Blackwell architecture—co-optimized with EUV lithography—is pushing AI chip energy efficiency past critical thresholds, compelling TSMC to accelerate sub-2nm node deployment. Geopolitically, U.S. export controls temporarily shield NVIDIA’s dominance but inflate global supply chain redundancy costs, especially across Taiwan, China and Hong Kong, China. Rivals like AMD may leverage open ecosystems to court cloud providers, yet CUDA’s moat remains unbreachable. Over the next 18 months, NVIDIA’s $80B buyback combined with industrial AI partnerships (e.g., Palantir) will convert hardware supremacy into de facto pricing standards, cementing a ‘chips-as-a-service’ lock-in effect.