NVIDIA Remains Top Holding for Institutional Investors Amid Valuation Concerns
NVIDIA Corporation (NASDAQ:NVDA) continues to be a significant holding for various institutional investors. Capital Investment Services of America Inc. recently trimmed its position in NVIDIA by 5.3% in the second quarter, selling 17,769 shares and reducing its holdings to 315,255 shares.
The value of these shares is approximately $63.08 million, accounting for about 6.2% of Capital Investment Services' investment portfolio. This makes NVIDIA their largest position.
Other notable institutional investors have also made changes to their stakes in the company. State Street Corp increased its stake by 1.2% in the fourth quarter, purchasing an additional 11,451,386 shares and bringing its total holdings to 991,480,489 shares valued at $184,911,111,000.
NVIDIA's stock price has been under scrutiny due to concerns about valuation, with investors weighing the company's exceptional growth, profitability, and AI leadership against its high market capitalization. Analysts have continued to compare NVIDIA with Broadcom and AMD as custom silicon competition develops.