Tema ETFs LLC Boosts Stake in NVIDIA Amid Growing Demand for AI Infrastructure
Tema ETFs LLC has significantly increased its stake in NVIDIA Corporation (NASDAQ:NVDA), purchasing an additional 18,850 shares in the second quarter, according to a recent SEC filing. This represents a 10.8% increase in the firm's position in NVIDIA, with Tema ETFs now owning 193,692 shares of the company's stock.
The value of these holdings is approximately $38,756,000, which accounts for about 1.3% of Tema ETFs LLC's investment portfolio. This makes NVIDIA its 19th biggest holding. Other large investors have also increased their stakes in NVIDIA during this period, including Diversified Enterprises LLC, Altshuler Shaham Ltd, and ASR Vermogensbeheer N.V.
NVIDIA has been a major beneficiary of the growing demand for AI infrastructure, with analysts expecting revenue to exceed consensus by roughly $3 billion. The company is also exploring partnerships and potential acquisitions in the AI ecosystem, including talks to invest in Cloverleaf Infrastructure and a potential partnership or acquisition involving South Korean AI-chip designer Rebellions.
However, some investors are weighing possible competitive and product risks for NVIDIA, citing reports that Microsoft is preparing its own Maia 300 AI chip. Additionally, higher Treasury yields and warnings from investors such as Michael Burry have added valuation pressure ahead of a high-expectation earnings event.