Oak Associates Cuts Stake in NVIDIA, Maintains Faith in AI Computing Leader
Oak Associates Ltd. OH has reduced its stake in NVIDIA Corporation (NASDAQ:NVDA) by 6.5% during Q1, according to an SEC filing. The institutional investor now owns 303,549 shares of NVDA stock, valued at $52,939,000, and accounts for 3.6% of Oak Associates Ltd. OH's holdings.
NVIDIA has been a major beneficiary of the growing demand for AI computing infrastructure. Recent deals with companies like Corvex and Anthropic have reinforced its position as a leader in the field. However, some analysts are cautioning that custom chips and software capable of rewriting code could gradually erode NVDA's CUDA advantage.
The company has also faced regulatory challenges, particularly with regards to export controls. A gray market for NVIDIA-based compute has emerged in Southeast Asia, where buyers use proxy cloud access to obtain the technology. This development highlights the complex geopolitical risks facing the industry.