Oppenheimer & Co. Inc. Doubles Down on NVIDIA Corporation ($NVDA)

NVIDIA Corporation ($NVDA) is Oppenheimer & Co. Inc.'s 4th largest position, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,252,314 shares of the computer hardware maker's stock after acquiring an additional 40,109 shares during the period.

NVIDIA accounts for approximately 2.7% of Oppenheimer & Co. Inc.'s portfolio, making the stock its 4th largest position. Oppenheimer & Co. Inc.'s holdings in NVIDIA were worth $250,576,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in NVDA, including J. Stern & Co. LLP, which grew its stake by 13,709.1% during the 4th quarter and now owns 125,760,307 shares valued at $23,454,297,000.

NVIDIA's CEO Jensen Huang recently stated that the company expects to sell roughly twice as many chips next year, reinforcing expectations that hyperscaler spending on AI data centers remains strong.