Howard Capital Management Group Cuts NVIDIA Stake Amid Strong Earnings

Howard Capital Management Group LLC has decreased its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 2.1% during the second quarter, according to a recent disclosure with the Securities and Exchange Commission.

The institutional investor owned 929,747 shares of the computer hardware maker's stock after selling 19,840 shares during the period. The stock accounts for about 11.4% of Howard Capital Management Group LLC's holdings, making it its biggest position.

NVIDIA's recent results showed revenue of approximately $96.2 billion, up 105.9% year over year, while management reportedly sees roughly 70% revenue growth in fiscal 2028. Analysts and investors continue to view the Vera Rubin platform and sustained hyperscaler spending as important long-term catalysts.

Other large investors have also added to or reduced their stakes in NVDA. Brighton Jones LLC raised its position in NVIDIA by 12.4% in the fourth quarter, while Bank Pictet & Cie Europe AG lifted its position in NVIDIA by 1.0% during the same period.