Philippe Laffont of Coatue Management sold 96,963 shares of Nvidia, reducing his stake by 1%. He also purchased 702,235 Amazon shares and 1.1 million Taiwan Semiconductor shares, which now rank as his second and third largest positions, respectively.

Analysts say strong demand for the new Blackwell chip lineup positions Nvidia to deliver strong numbers next year.

Nvidia stock climbed on Tuesday, on pace for its fifth straight day of gains as Wall Street analysts reiterated their Buy ratings.

Foxconn is building in Mexico the world's largest manufacturing facility for bundling Nvidia's GB200 superchips, a key component of the U.S. firm's next-generation Blackwell family computing platform,

Taiwanese tech giant Foxconn said on Tuesday it is building the world's largest production plant for US hardware leader Nvidia's GB200 "superchips" that power artificial intelligence servers.