NVIDIA Gains Institutional Support Amid Strong Earnings

NVIDIA Corporation (NASDAQ:NVDA) has attracted significant investment from various institutional investors. Boreal Capital Management LLC, for instance, increased its holdings in NVIDIA by 37.2% during the first quarter, according to a recent Form 13F filing with the SEC.

The company now owns 43,051 shares of NVIDIA's stock after purchasing an additional 11,678 shares during the quarter. This represents about 7.1% of Boreal Capital Management LLC's investment portfolio, making it its largest position.

NVIDIA's revenue for the last reported quarter was $81.61 billion, beating analyst estimates by 4%. The company also posted earnings per share (EPS) of $1.87, surpassing analysts' consensus estimate of $1.76.