Burns Matteson Cuts NVIDIA Position 12.9% as Huang Urges California Move
Burns Matteson Capital Management reduced its NVIDIA stake by 12.9% to 21,666 shares in the fourth quarter, in its latest SEC filing. Nvidia CEO Jensen Huang suggested moving to California while highlighting that Trump's 2025 tariffs drove a 3.1% rise in core goods inflation by February 2026.
1. Burns Matteson Reduces NVIDIA Position
Burns Matteson Capital Management LLC trimmed its NVIDIA holdings by 12.9% during the fourth quarter, selling 3,209 shares to end with 21,666 shares on record with the SEC. The reduction signals a shift in the investment firm's exposure to the graphics chipmaker ahead of upcoming market catalysts.
2. CEO Huang Discusses Tariffs and California
Nvidia CEO Jensen Huang encouraged relocation to California during a broader discussion of economic trends and talent ecosystems. His remarks followed Federal Reserve research showing that Trump's 2025 tariffs contributed to a 3.1% increase in core goods inflation by February 2026, underscoring cost pressures in the tech industry.