Stocks
KBC Group NV Cuts Stake in NVIDIA Amid Strong Demand
NVIDIA Corporation (NASDAQ:NVDA) is still one of the largest holdings for KBC Group NV, which sold 1.455 million shares during the second quarter.
KBC Group NV now owns 17.549 million shares of NVIDIA's stock, valued at $3.511 billion, representing approximately 7.6% of its total holdings.
The sale occurred despite strong demand for NVIDIA's accelerated-computing systems and AI chips, which has led to a path to roughly 70% revenue growth in fiscal 2028, according to the company's management.