NVIDIA Loses Major Investor as Demand Story Remains Strong
NVIDIA Corporation, $NVDA, is Urban Wealth Management LLC's 4th largest position, accounting for approximately 6.4% of the firm's investment portfolio.
In its most recent 13F filing with the Securities & Exchange Commission, Urban Wealth Management LLC revealed that it lowered its stake in NVIDIA by 22.0% during the second quarter, selling 10,435 shares and reducing its holdings to 36,976 shares worth $7,399,000.
This move is part of a larger trend where institutional investors are adjusting their positions in NVIDIA amidst concerns over AI slowdowns and increased competition in the AI infrastructure market. Despite these challenges, NVIDIA's underlying demand story remains strong, with recent earnings showing revenue growth of more than 100% and management indicating that supply, not customer demand, is limiting expansion.