NVIDIA Sees Surge in Institutional Investor Interest Amid Strong Revenue Growth
NVIDIA Corporation (NASDAQ:NVDA), a leader in computer hardware, has seen significant interest from institutional investors. LifePlan Financial LLC purchased 3,819 shares of NVIDIA's stock in the second quarter, valued at approximately $764,000.
Other hedge funds have also increased their positions in the company. State Street Corp added 11,451,386 shares to its holdings in the fourth quarter, bringing its total to 991,480,489 shares worth over $184 billion.
The stock's price has been impacted by a range of factors, including profit-taking and weaker risk appetite due to higher oil prices and renewed Middle East tensions. Despite this, NVIDIA continues to benefit from exceptional AI infrastructure demand, with revenue growth expected to reach 70% in fiscal 2028.