Stocks
NVIDIA Shareholders Reduce Holdings Amid Optimism Ahead of Earnings
NVIDIA Corporation (NASDAQ:NVDA) has been a significant holding for Franklin Street Advisors Inc. NC, making up approximately 7.3% of their holdings.
In their latest 13F filing with the Securities and Exchange Commission, Franklin Street Advisors Inc. NC revealed that they had cut their NVIDIA shares by 6.1% during the second quarter, selling a total of 42,772 shares.
This move comes as analysts remain optimistic ahead of NVIDIA's upcoming earnings release on August 26, with Jefferies expecting fiscal second-quarter revenue to exceed consensus estimates and RBC reaffirming its Outperform rating with a $300 price target.