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NVIDIA Attracts Record Institutional Investment Amid AI Boom

Guavy AI Editorial Team
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NVDA
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NVIDIA Corporation (NASDAQ:NVDA) continues to attract significant investment from institutional investors. AR Asset Management Inc. recently raised its stake in NVIDIA by 5.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission.

The investor owned a total of 82,430 shares of NVIDIA's stock after acquiring an additional 4,200 shares during the quarter. This represents approximately 2.8% of AR Asset Management Inc.'s investment portfolio, making NVIDIA its 8th biggest holding.

NVIDIA's market value has been bolstered by strong demand for its AI infrastructure and data-center GPUs. The company reported exceptional year-over-year growth in revenue during the first quarter, with $81.6 billion in sales compared to analyst estimates of $78.42 billion.

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