Nelson Capital Management Trims Stake in Apple Amid Mixed Sentiment

Nelson Capital Management LLC, a financial institution, reduced its stake in Apple Inc. ($AAPL) by 1.8% during the first quarter of this year.

The company sold 1,770 shares, leaving it with 94,170 shares worth $23.9 million at the end of the quarter.

Apple accounts for 2.9% of Nelson Capital Management LLC's investment portfolio and is its seventh largest position.

This move comes amidst mixed signals on Apple's performance, with some analysts optimistic about its AI strategy and others expressing concerns over memory inflation and supply risks.