NVIDIA Sees Growing Institutional Support Amid Rising Demand

NVIDIA Corporation (NASDAQ:NVDA) has seen significant investment from various large investors in the first quarter. According to its most recent Form 13F filing with the SEC, Davis R M Inc. raised its stake in NVIDIA by 1.4% and now owns 1,438,997 shares of the company's stock.

These shares are valued at $250,975,000 as of the fund's most recent filing with the SEC, making them Davis R M Inc.'s 4th largest position, accounting for 4.5% of its portfolio. This investment is part of a broader trend of growing demand for NVIDIA's data-center GPUs.

Analysts remain bullish on NVIDIA's prospects, citing exceptional year-over-year growth in the company's revenue and data-center sales. The firm has also authorized a share repurchase program that allows it to buy back up to $80 billion in shares.