Stocks
NVIDIA Sees Significant Institutional Buying Activity Amid Growing Demand for AI
NVIDIA Corporation (NVDA) has seen significant institutional buying activity in recent quarters. Meeder Advisory Services Inc., for example, raised its holdings in NVIDIA by 4.8% in the 2nd quarter, according to its most recent 13F filing with the SEC.
The fund owned 631,375 shares of NVIDIA's stock after acquiring an additional 29,141 shares during the period. This represents about 4.6% of Meeder Advisory Services Inc.'s holdings, making it the company's 3rd biggest position.
Other institutional investors have also been buying up NVDA shares. Bank of America Corp DE increased its stake in NVIDIA by 2.1% in the first quarter and now owns 191,200,989 shares valued at $33,345,453,000.