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Groupama Cuts NVIDIA Stake Amidst AI Infrastructure Focus

Guavy AI Editorial Team
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NVDA
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Groupama Asset Management decreased its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 1.8% during the first quarter, according to a recent SEC filing.

The fund owned 2,341,401 shares of the computer hardware maker's stock after selling 43,209 shares during the quarter.

NVIDIA accounts for about 5.9% of Groupama Asset Management's investment portfolio, making it the company's largest position, worth $408,340,000 as of its most recent filing with the SEC.

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