Argent Trust Boosts NVIDIA Holdings Amid Positive Sentiment

Argent Trust Co increased its holdings in NVIDIA Corporation ($NVDA) by 8.0% during the second quarter, according to the company's latest Form 13F filing with the Securities & Exchange Commission.

The fund owned 226,945 shares of the computer hardware maker's stock after acquiring an additional 16,726 shares during the period. NVIDIA comprises 1.3% of Argent Trust Co's holdings, making the stock its 13th biggest holding.

Argent Trust Co's holdings in NVIDIA were worth $45,409,000 as of its most recent SEC filing.

NVIDIA has recently received several positive updates, including a record-breaking share repurchase authorization and potential reopening of China demand. The company also launched an AI safety platform, which broadens its software opportunity, and is exploring advanced packaging to increase future chip capacity.