NVIDIA Stake Reduced Amid Robust Revenue Growth
Vermillion Wealth Management Inc., an investment firm, has reduced its stake in NVIDIA Corporation, selling 4,235 shares of NVDA stock in the second quarter. This sale represents a 30.7% decrease in Vermillion's position in NVIDIA.
The total value of Vermillion's holdings in NVIDIA is approximately $1.9 million, based on the most recent SEC filing. This is not an isolated incident; other large investors have also made changes to their positions in NVDA stock.
Diversified Enterprises LLC increased its stake by 44.2% during the fourth quarter, while Altshuler Shaham Ltd boosted its holdings by 6,451.9% in the first quarter. ASR Vermogensbeheer N.V. also raised its stake in NVIDIA by 1.8% during the fourth quarter.
NVIDIA's stock price has been performing well, with a 52-week high of $236.54 and a current market capitalization of over $5 trillion. The company recently reported fiscal Q2 revenue of approximately $96.2 billion, up 106% year-over-year, exceeding analysts' expectations.