NVIDIA Holds Strong Despite Supply-Chain Pressures
NVIDIA Corporation (NASDAQ:NVDA) is still in high demand among institutional investors. The latest data from Russell Investments Group Ltd.'s most recent Form 13F filing with the Securities and Exchange Commission shows that they increased their holdings in NVIDIA by 1.1% during the second quarter.
Russell Investments Group Ltd. owns 29,992,581 shares of NVIDIA's stock, which represents 5.2% of their portfolio. This makes NVIDIA their largest position, with a value of $5,976,566,000 at the end of the most recent reporting period.
Other institutional investors have also increased their stakes in NVIDIA. For example, Bank of America Corp DE lifted its holdings by 2.1% in the first quarter and now owns 191,200,989 shares worth $33,345,453,000. Invesco Ltd. grew its stake by 0.3% during the fourth quarter, owning 143,239,504 shares valued at $26,714,167,000.
NVIDIA's stock price has been affected by various market forces, including rising memory costs and higher Treasury yields that could compress the valuation of high-growth technology stocks.