NVIDIA Sees Significant Institutional Stake Increases

A surge in institutional investment in NVIDIA Co. (NASDAQ: NVDA) has been reported, with several firms significantly increasing their stakes during the second quarter. Pettee Investors Inc. raised its holdings by 807.6%, owning 45,650 shares worth approximately $5.64 million, while Beacon Bridge Wealth Partners LLC saw a massive 1,151.6% increase, now holding 5,920 shares valued at $731,000. Other notable increases include Bank of New York Mellon Corp., which boosted its stake by 854.1%, and Fortis Capital Advisors LLC, which increased its position by 904.5% to 220,316 shares worth $27.22 million. Overall, institutional investors own 65.27% of NVIDIA's stock, reflecting strong confidence in the company. The stock opened at $124.92, showing significant growth from its 1-year low of $39.23. With a market capitalization of $3.07 trillion, NVIDIA continues to attract substantial investor interest.