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Centerpoint Advisors Cuts Stake in NVIDIA by 27.3% Amid Strong Demand for GPUs

Guavy AI Editorial Team
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NVDA
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Centerpoint Advisors LLC has reduced its stake in NVIDIA Corporation (NASDAQ:NVDA) by 27.3% during the second quarter, according to its latest Form 13F filing with the Securities and Exchange Commission.

The institutional investor owned 11,637 shares of the computer hardware maker's stock after selling 4,374 shares during the quarter. NVIDIA comprises approximately 0.7% of Centerpoint Advisors LLC's portfolio, making it the company's 10th biggest holding.

Its holdings in NVIDIA were worth $2,329,000 as of its most recent SEC filing. This is not an isolated incident, as other hedge funds have also made significant moves regarding the stock.

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