NVIDIA Investor Landscape Shifts Amid Macroeconomic Risks
NVIDIA Corporation (NVDA) has experienced significant changes in its investor landscape. N.E.W. Advisory Services LLC reduced its holdings in NVDA by 28.6% during the second quarter, selling 7,326 shares and decreasing its stake to 18,292 shares.
The value of NVIDIA's stock held by N.E.W. Advisory Services LLC was $3,660,000 at the end of the most recent reporting period. This represents about 0.2% of the investment portfolio, making it the firm's 28th largest position.
Other notable investors have also adjusted their stakes in NVIDIA. Bank of America Corp DE increased its stake by 2.1%, while Invesco Ltd. boosted its stake by 0.3%. Amundi raised its stake by 10.4% and Dimensional Fund Advisors LP increased its position by 0.6%. J. Stern & Co. LLP grew its holdings in NVIDIA by a staggering 13,709.1%
NVIDIA's share price has been influenced by various factors, including the company's massive valuation and macroeconomic risks. Technical analysts believe that NVDA may have further upside potential but require a breakout to reach their target of $261.84-$265.30.