First Citizens Bank Boosts Stake in NVIDIA by 17,120 Shares

First Citizens Bank & Trust Co., has increased its holdings in NVIDIA Corporation by acquiring an additional 17,120 shares during the first quarter. This represents a 2.5% increase in the firm's stake in NVIDIA. The bank now owns 702,702 shares of NVIDIA stock, which accounts for approximately 2.1% of its portfolio.

The value of First Citizens Bank & Trust Co.'s holdings in NVIDIA is approximately $122,551,000 as of its most recent filing with the Securities and Exchange Commission. This puts NVIDIA as the bank's 9th biggest position.

Other hedge funds have also made significant changes to their positions in NVDA during the quarter. Norges Bank purchased a new stake in shares of NVIDIA valued at approximately $62,244,133,000. J. Stern & Co. LLP boosted its holdings in shares of NVIDIA by 13,709.1% and now owns 125,760,307 shares worth $23,454,297,000.

Analysts remain bullish on NVIDIA's prospects, with a reported median price target well above the current trading level. The company is expected to report its fiscal second-quarter 2027 results on August 26, which will be closely watched by investors for signs of continued revenue growth and forward guidance.