Securian Asset Management cut NVIDIA holdings, yet NVIDIA's strong earnings boosted its stock value.

Securian Asset Management Inc. sold 42,205 shares of NVIDIA, reducing its holdings by 3.1%, but NVIDIA remains its second-largest holding. NVIDIA's recent earnings of $0.89 per share exceeded expectations, and its revenue of $39.33 billion also beat forecasts. The company's stock has a market cap of $2.55 trillion and a PE ratio of 41.12. Several other investment firms have adjusted their holdings in NVIDIA, with some increasing and others decreasing their stakes.