NVIDIA GTC Two major holders reduced their positions before the Berlin speech NVDA Contract positions

AT A GLANCE

GTC Before the speech, two NVDA major contract traders respectively closed short positions and sharply reduced long positions; large accounts have yet to establish a clear one-way trend.

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NVIDIA GTC Former whale shifts toward risk aversion as major holders cut positions worth tens of millions

BlockBeats reports,October 21, NVIDIA CEO Jensen Huang will today, Beijing time, 17: 00 to 19: 00 deliver a GTC keynote address in Berlin. Expectations for major chip purchases from European industrial AI partnerships and the Chinese market have emerged in succession.

According to TradingBeats monitoring,NVDA stock perpetual contracts are trading at approximately 220.75 USD，24 higher over the past hours 1.71%, with notional open interest valued at approximately 95360000 USD。

GTC. Ahead of the event, whales are more inclined to reduce concentrated-position risk

The notable change came from major holders, hedging in both long and short directions: an account that still held approximately 12610000 USD NVDA in short positions yesterday has now fully closed its shorts, retaining only approximately 359000 USD in light long positions (0x4e232）；

Another major long holder actually sold approximately 6357000 USD early this morning, cutting 81%of its long positions and leaving only approximately 1491000 USD（0x8eff）。

Among current million USD-level positions, 7 long holders collectively hold approximately 22100000 USD，9 while short holders hold approximately 31440000 USD, including the largest short holder, which still holds approximately 16040000 USD in positions. Since Monday, 27 large accounts' net long exposure has decreased only slightly by approximately 571000 USD, with no clear trend of one-sided position additions yet formed.

In addition, a long holder has placed 243.82—246.64 USD sell orders at approximately 2451000 USD, planning to exit approximately of its current position; the orders have not yet been filled.

Reportedly, demand signals ahead of this conference are not lacking; key points may include order scale, delivery capacity, and revenue realization.

October 19, the German government and NVIDIA signed a letter of intent for cooperation, planning to advance industrial AI, physical AI and related model research and development. The key focus of today's speech is whether the parties can further disclose specific customers,GPU procurement scale, and delivery timelines.

The Chinese market has also reported massive orders. According to a Reuters October 20 report, ByteDance, Alibaba, and Tencent collectively ordered more than 3000000 Zhang RTX PRO 5500 graphics cards, valued at more than 35000000000 USD at list prices. However, NVIDIA is still unable to guarantee full delivery, and some partners may receive only 5%to 10%。

Wall Street continues to maintain high expectations for NVIDIA's medium- to long-term growth. Morgan Stanley October 2 maintained its “Overweight” rating and 300 USD price target, and again named it its top semiconductor pick; UBS October 9 maintained its “Buy” rating and 300 USD price target; Citi October 6 reiterated its “Buy” rating, with a price target of 315 USD; BNP Paribas Exane, meanwhile,October 5 raised its price target to 345 USD。

Key points

NVIDIA CEO Jensen Huang will, Beijing time,October 21 on 17: 00 to 19: 00 deliver GTC a keynote speech in Berlin.
According to TradingBeats monitoring,NVDA stock contracts are quoted at approximately 220.75 USD，24 hours, up 1.71%, with the nominal open interest value at approximately 95360000 USD。
Account 0x4e232 previously held approximately 12610000 USD NVDA short positions, but has now fully closed them, leaving approximately 359000 USD long positions.
Account 0x8eff sold approximately 6357000 USD, reducing its long position by 81%with approximately remaining 1491000 USD。
million USD-level positions, 7 long positions totaled approximately 22100000 USD，9 short positions approximately 31440000 USD, with the largest short position at approximately 16040000 USD in positions.
Since Monday, 27 large accounts' net long exposure has decreased slightly by approximately 571000 USD, with no clear trend of one-sided position increases having formed.
A long-position holder at 243.82 to 246.64 USD set approximately 2451000 USD Sell order; planning to exit approximately of the existing position, not yet filled.
October 19, the German government and NVIDIA signed a memorandum of understanding, planning to advance industrial AI, physical AI and related model research and development.
According to Reuters October 20 reports, ByteDance, Alibaba, and Tencent collectively ordered more than 3000000 graphics cards RTX PRO 5500 graphics cards, calculated at list prices, exceeding 35000000000 USD。
The article states that NVIDIA is still unable to guarantee delivery of all the aforementioned orders, and some partners may receive only 5%to 10%。
Morgan Stanley, UBS, and Citi maintained or reiterated positive ratings on Nvidia, with target prices of 300 USD、300 USD and 315 USD BNP Paribas Exane raised its target price to 345 USD。

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

Large traders reduced both bearish and bullish positions ahead of the important speech, suggesting they were more likely reducing event risk rather than making a uniform bet that the stock price would rise or fall. The market will next focus on whether the speech discloses information about customers, procurement scale, delivery timelines, and revenue realization.

Why it matters to readers

GTC The speech may bring order and delivery information, while the existing large positions have no clear directional bias; therefore, the new disclosure may affect NVDA short-term volatility in the contracts.

Beginners should understand whale position reductions as a risk-control signal rather than a definitive prediction of price movements; unfilled sell orders, media-reported orders, and institutional price targets do not mean that the outcomes have already been realized.

Risks and unknowns

The article does not provide the original transaction records underlying TradingBeats’ monitoring, so the account position data cannot be independently verified.
The scale of orders from Chinese customers and the specific purchasing entities 5%up to 10%The potential delivery ratio remains subject to formal confirmation by the relevant parties.
Whether the German cooperation will disclose specific customers,GPU the purchase volume and delivery timing remains uncertain.
Set approx. 2451000 USD The sell order has not yet been filled.

NVIDIA GTC Two major holders reduced their positions before the Berlin speech NVDA Contract positions

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