Gibbs Wealth Management Bolsters Stake in NVIDIA Amid Strong Earnings Performance

Gibbs Wealth Management significantly increased its stake in NVIDIA Corporation during the first quarter of this year. The fund purchased an additional 73,862 shares of NVDA stock, increasing its overall position by 173.7%. At the end of the reporting period, Gibbs Wealth Management owned 116,374 shares of NVIDIA's stock, which accounted for 2.7% of its investment portfolio.

According to the Securities and Exchange Commission (SEC) filing, NVIDIA accounts for a significant portion of Gibbs Wealth Management's holdings. The fund's total stake in NVDA is worth $20,296,000, making it their fifth largest position.

NVIDIA has been performing well, with its recent earnings report exceeding analyst estimates. The company reported a net margin of 62.97% and a return on equity of 96.94%. NVIDIA's revenue for the quarter was $81.61 billion, up 85.2% from the same period last year.

Several other large investors have also increased their stakes in NVDA during the first quarter. Sei Investments Co., Keynote Financial Services LLC, Alamar Capital Management LLC, Davis R M Inc., and Forefront Analytics LLC all boosted their positions in NVIDIA.