Fifth Third Bancorp Reduces Stake in NVIDIA Amid Strong Demand Growth

Fifth Third Bancorp has reduced its stake in NVIDIA Corporation (NASDAQ:NVDA) by selling 385,836 shares during the second quarter.

The firm now owns approximately 13.2 million shares of NVIDIA's stock, which makes up about 4.3% of its investment portfolio and remains its largest holding.

NVIDIA is a leading technology company that designs accelerated computing platforms, graphics processors, and related software for various applications, including artificial intelligence, machine learning, computer graphics, and data-center infrastructure.

The company's products have seen strong demand growth in recent quarters, with some analysts predicting up to 70% revenue growth in fiscal 2028.