NVIDIA Sees Increased Investment Amid Revenue Surge

NVIDIA Corporation (NASDAQ:NVDA) has seen significant investment from various firms. First Trust Advisors LP, for instance, increased its stake in NVIDIA by 5.4% during Q1, with a total of 10,426,580 shares worth $1,818,395,000 at the end of the period.

The stock makes up about 1.3% of First Trust Advisors LP's holdings and is currently their largest position. Other large investors such as Lifetime Wealth Management P.C., Longview Financial Advisors Inc., and Phillip James Consulting Co. have also recently invested in NVIDIA shares, with a combined stake worth approximately $110,000.

NVIDIA's revenue for Q1 was up 85.2% year-over-year, reaching $81.61 billion. The company's Board of Directors has authorized a stock repurchase program that permits the purchase of up to 1.5% of shares through open market purchases.