Handelsbanken Fonder AB Boosts Stake in NVIDIA Corporation Amid Market Pressure

Handelsbanken Fonder AB has increased its stake in NVIDIA Corporation (NVDA) by acquiring an additional 3,989 shares during the second quarter. The institutional investor now owns 11,369,496 shares of NVDA's stock, which accounts for approximately 6.5% of Handelsbanken Fonder AB's investment portfolio.

NVIDIA is a leading computer hardware maker that reported $1.87 earnings per share and revenue of $81.61 billion in its last quarterly earnings data on May 20th. The company has a market cap of $5.20 trillion, a PE ratio of 32.89, and a beta of 2.23.

NVIDIA's stock price has been under pressure due to higher Treasury yields and warnings from investors such as Michael Burry that AI data-center financing may be excessive. However, the company remains well-supported by analysts, with BMO naming it its top semiconductor pick with a $340 price target.