TD Asset Management Cuts NVIDIA Holdings by $5 Billion

TD Asset Management Inc has significantly reduced its position in NVIDIA Corporation (NVDA), selling 3,726,801 shares during the second quarter. This represents a 12.8% decrease from the company's holdings at the end of the most recent reporting period.

The institutional investor now owns 25,361,797 shares of NVDA, making it the stock its biggest holding, accounting for 4.4% of TD Asset Management Inc's portfolio. The total value of these holdings is approximately $5.074 billion.

NVIDIA has been experiencing a surge in earnings momentum and broad AI hardware and networking portfolio, with analysts and financial commentators highlighting its long-term demand. The company also recently announced a quarterly dividend of $0.25 per share, paid on October 1st to shareholders who record ownership by September 10th.