Wed Sep 25 07:14:52 UTC 2024: ## NVIDIA (NVDA) Sees Huge Investment from BNP Paribas, Other Institutional Investors Pile On

**New York, NY (MarketBeat News) – September 25, 2024** – BNP Paribas Asset Management Holding S.A. significantly increased its stake in NVIDIA Corporation (NVDA) during the second quarter, acquiring an additional 16,770,882 shares, boosting its holdings by a staggering 1,117.6%. This move solidified NVIDIA as the second-largest position in BNP Paribas’ portfolio, representing 5.8% of their total holdings.

The investment comes amidst a broader trend of institutional investors showing increased confidence in NVIDIA. Several other major players, including BLB&B Advisors LLC, Cypress Point Wealth Management LLC, McAdam LLC, Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD, and Perennial Advisors LLC, also substantially increased their stakes in the computer hardware giant during the second quarter.

Collectively, hedge funds and institutional investors now own 65.27% of NVIDIA’s outstanding shares.

This surge in investment interest highlights the continued optimism surrounding NVIDIA’s future. The company, known for its high-performance graphics processing units (GPUs), is a key player in the rapidly expanding artificial intelligence (AI) and gaming markets.

While several analysts remain bullish on NVDA, some like Barclays have recently adjusted their price targets. Despite these adjustments, overall sentiment remains positive with the stock garnering a “Moderate Buy” consensus rating from analysts.

However, not all news is positive. A recent insider sale by Director Tench Coxe saw him offload 1,000,000 shares of NVDA stock for a total of $119,270,000.00. While this sale may raise eyebrows, it’s important to note that CEO Jen Hsun Huang also recently sold a smaller portion of his holdings.

Overall, despite a recent insider sale, NVIDIA remains a highly sought-after investment, particularly among institutional investors. The company’s strong position in AI and gaming, combined with its significant stock repurchase program, suggests a bright future for the tech giant.

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