Stocks
NVIDIA Sees Surge in Institutional Buying Activity
NVIDIA Corporation (NASDAQ:NVDA) has seen significant buying activity from various institutional investors and hedge funds in recent quarters.
Hoertkorn Richard Charles, a fund manager, increased its stake in NVIDIA by 48.3% in the second quarter, acquiring an additional 3,600 shares to own a total of 11,056 shares worth $2,212,000 as of its most recent filing with the Securities & Exchange Commission.
This is not an isolated incident, as other hedge funds have also significantly increased their stakes in NVIDIA. J. Stern & Co. LLP, for example, grew its stake by 13,709.1% in the fourth quarter and now owns over 125 billion shares valued at $23 trillion.