NVIDIA Stock Holdings Surge as Institutional Investors Back AI Leader

NVIDIA Corporation's (NASDAQ:NVDA) stock holdings have grown significantly in recent months. Choreo LLC, an institutional investor, has increased its stake in NVIDIA by 2.3% during the second quarter, according to a Form 13F filing with the SEC.

The firm now owns 935,158 shares of NVIDIA's stock, worth $187.10 million as of its most recent SEC filing. This accounts for 2.0% of Choreo LLC's holdings, making it the company's 9th biggest holding.

Other institutional investors have also modified their stakes in NVIDIA, with some buying new positions and others increasing existing ones. Syntax Research Inc., for example, lifted its stake by 62.5% in the fourth quarter.

NVIDIA has been a strong performer in recent years, driven by growing demand for its graphics processing units (GPUs) and other AI-related technologies. The company's revenue growth has been above 100% year-over-year, and it has also announced a quarterly dividend of $0.25 per share.