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Northeast Investment Management Trims Stake in NVIDIA Amidst Record Revenue

Guavy AI Editorial Team
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NVDA
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Northeast Investment Management, an institutional investor, reduced its stake in NVIDIA Corporation (NASDAQ:NVDA) by 1.4% during the second quarter.

According to a recent filing with the Securities and Exchange Commission, Northeast Investment Management sold 15,553 shares of NVIDIA stock, bringing its total holdings to 1,106,105 shares.

NVIDIA makes up approximately 8.2% of Northeast Investment Management's investment portfolio, making it the company's largest holding, valued at $221,321,000 as of the end of the most recent reporting period.

This development comes amidst a strong performance by NVIDIA, with revenue rising 105.9% year-over-year to approximately $96.2 billion in the latest quarter.

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