Nvidia remains a heavyweight on the American stock market, but a clear signal has just come out of institutional portfolios. In the fourth quarter of 2025, thousands of funds reduced their exposure, although the group retains a massive hold on capital. Institutions liquidated more than $70 billion of Nvidia shares in the fourth quarter of 2025. According to data relayed by Finbold from institutional holdings, 2,627 funds reduced their positions, for a total of 440,075,433 shares sold, or approximately $73.5 billion based on a price close to $167.
In brief
- Institutions sold Nvidia heavily in Q4 2025.
- But the majority of them still remain very exposed to the group.
- The stock market doubts the pace, not yet the fundamental driver.
Profit taking that does not look like a general flight
This movement is impressive in its scale, but it does not indicate a total abandonment of Nvidia. At the same time, 3,090 institutions on the contrary strengthened their positions, purchasing more than 648 million shares. Another 352 remained unchanged. The institutional market therefore did not speak with one voice.
In other words, it is less a brutal rejection than a great rebalancing. Some managers took their gains after a prolonged phase of euphoria on AI. Others have chosen to take advantage of the downturn to strengthen themselves. This asymmetry is important, because it avoids an overly dramatic reading.
Notable sellers cited include FMR, JPMorgan Chase, Price T. Rowe Associates, Northern Trust and UBS Asset Management. These are heavy names. When this type of actor scales back, the message is never trivial. But it's also not a definitive verdict against the company.
Nvidia remains firmly held by major investors
Despite these selloffs, Nvidia remains a stock dominated by institutions. Finbold indicates thatthey still control 67.75% of the capitalwith an estimated total value of approximately $2.76 trillion and over 16.46 billion shares held. Market power therefore remains concentrated in the hands of large funds.
This is where the matter becomes more subtle. When institutions sell so much while remaining ultra-dominant, it often means that they are adjusting the pace, not necessarily the underlying conviction. They can lighten a line that has become too heavy without abandoning the main story.
This nuance matters in the stock market. Nvidia is not a small, fragile stock that falters at the first draft. It is a giant still considered central in the AI cycle. Institutional retreat is more like breathing under tension than leaving the stage.
The stock falls, but the results remain extraordinary
The recent drop in the stock on the stock market, however, fuels doubts. Nvidia closed at $167.52 on March 27, 2026, down about 2% on the session, and the stock remains nearly 10% below where it started the year, after starting 2026 around $186.50. It is also moving clearly below its October 2025 peak, close to $207.
The stock market sanctions several things at once. There is profit taking. There is also the rotation out of tech megacaps. And then there's an old question that keeps coming up when a stock rises too quickly: how high can the valuation hold before calling for a break.
However, in operational terms, Nvidia does not show a weakened profile. The group published record sales of $215.9 billion for its 2026 fiscal year, an increase of 65%. In the fourth quarter alone, revenue reached 68.1 billion, an annual increase of 73%.
The real engine remains AI, and it is far from having stalled
The heart of the machine remains the Data Center segment. Nvidia generated $62.3 billion in quarterly revenue there, an increase of 75% year-on-year. This activity represents more than 91% of total sales for the quarter. It's massive. And it confirms that society is now almost entirely dependent on global demand for AI infrastructure.
During the GTC 2026 conference, Jensen Huang raised his voice again. The executive said he sees at least $1 trillion in cumulative revenue linked to the Blackwell and Vera Rubin platforms over the 2025-2027 period, a sign that he continues to bet on a lasting acceleration of industrial AI.
Ultimately, it's this contrast that makes Nvidia fascinating on the stock market today. Institutions sell in size. The title corrects. But the fundamentals remain extraordinary and the growth narrative is not broken. The market has not yet decided between excess valuation and a new bullish leg. He procrastinates, which is not the same thing. Meanwhile, Ethereum is attracting big investors despite a bear market.
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