Stocks
NVIDIA Stake Boosted as Institutional Investors Pour Billions into Semiconductor Leader
Wealth Architects LLC has increased its stake in NVIDIA Corporation (NASDAQ:NVDA) by 9.8% to 30,055 shares, according to a recent SEC filing.
The total value of their holdings is $6,014,000 as of the most recent filing with the SEC.
This is not an isolated incident; other hedge funds have also made significant changes to their positions in NVIDIA. For example, J. Stern & Co. LLP grew its holdings by 13,709.1% in the fourth quarter and now owns over 125 billion shares valued at $23.45 trillion.
NVIDIA reported strong earnings last August with a revenue increase of over 100%, and management has indicated that supply is limiting expansion rather than demand.