Romano Brothers AND Company Boosts Stake in NVIDIA Corporation to $11.52 Million
Romano Brothers AND Company has significantly increased its stake in NVIDIA Corporation (NASDAQ:NVDA), acquiring an additional 3,098 shares during the second quarter. The institutional investor now owns 57,586 shares of the computer hardware maker's stock, which comprises 1.2% of its investment portfolio and is valued at $11.52 million.
This is not an isolated instance; several other large investors have also made changes to their positions in NVDA. For example, Lifetime Wealth Management P.C. acquired a new stake in NVIDIA during the fourth quarter, while Longview Financial Advisors Inc. acquired a new position in shares of NVIDIA during the first quarter.
NVIDIA's revenue has been impressive, reaching $96.2 billion in the recent quarterly earnings report, which is up about 106% year over year and exceeding estimates. The company's AI growth outlook remains exceptionally strong, with CEO Jensen Huang predicting that revenue could grow roughly 70% next year.