NVIDIA Corporation, the undisputed titan of artificial intelligence (AI) chips and high-performance computing, continues to command headlines and investor attention in early 2026. Despite some recent share trimming by select institutional investors, the company’s financial performance, technological leadership, and market dominance have ensured its place at the heart of the semiconductor and AI revolution.
On February 12, 2026, SCS Capital Management LLC, an investment advisory firm managed by Antony J. Abbiati, reduced its stake in NVIDIA by 3,092 shares, as revealed in a regulatory filing. This move, though notable, did not come with any public statement indicating a strategic shift or negative outlook. According to the filing, the adjustment aligns with similar recent actions by other institutional investors, such as Suncoast Equity Management and SKY Mountain Capital Management Inc. Yet, the broader picture tells a far more dynamic story—a market in which NVIDIA remains a central player, with new and existing investors alike recalibrating their positions.
While some firms have trimmed their holdings, others are doubling down. Boston Common Asset Management LLC, for instance, increased its NVIDIA stake by 3.9% in the third quarter, now owning 418,132 shares after purchasing nearly 16,000 additional shares. This makes NVIDIA the second largest position in Boston Common’s portfolio, comprising about 2.2% of its total holdings. According to Boston Common’s SEC disclosure, "NVIDIA’s stock performance has significantly influenced institutional decisions, driven by its strong fundamentals, dominant AI market positioning, and high valuation."
As of early 2026, NVIDIA’s market capitalization stands at an eye-popping $4.61 trillion, a testament to its dominant position in the AI and semiconductor sectors. The company’s latest earnings report, released on November 19, 2025, revealed quarterly revenue of $57.01 billion—up a staggering 62.5% year over year. Earnings per share came in at $1.30, beating consensus estimates and underscoring a net margin of 53.01% with a return on equity of 99.24%. These robust results have kept NVIDIA firmly in the spotlight, even as its stock price has shown signs of slowing growth after years of meteoric gains.
Over the past five years, NVIDIA stock has soared an astonishing 1,220%, though it has advanced only 3% over the past six months. As reported by The Motley Fool, while the company continues to demonstrate high growth and incredible opportunity, "the market appears wary." Investors looking for the next "millionaire-maker" stock may be casting their nets elsewhere, but few are ready to write off NVIDIA, given its continued value in a strong portfolio.
Institutional investors collectively hold nearly 70% of NVIDIA’s shares, with giants like Vanguard, BlackRock, and State Street among its principal stakeholders. State Street Corp alone increased its holdings by 1.0% in the second quarter, owning nearly 978 million shares. Geode Capital Management LLC also expanded its stake by 1.5% during the same period. Meanwhile, Legal and General Group Plc made a significant move, purchasing over 2.6 million shares valued at more than $28 billion in its most recent quarter. Charles Schwab Investment Management Inc. held over 155 million shares, and Norges Bank entered with a new stake worth approximately $51.4 billion.
These moves, both large and small, reflect a complex landscape. As detailed in filings and reported by MarketBeat, SAM Advisors LLC boosted its own NVIDIA holdings by 91.8% in the third quarter, purchasing an additional 7,225 shares to bring its total to 15,098. For SAM Advisors, NVIDIA now represents the 18th largest position in its portfolio. Other investors, from Harbor Asset Planning Inc. to Longfellow Investment Management Co. LLC, have also acquired or increased stakes, underscoring the stock’s broad appeal.
So why the trimming by some? Industry analysts point to technical indicators and market dynamics. A so-called "death cross"—when a short-term moving average crosses below a long-term average, often viewed as a bearish signal—occurred in 2025, prompting some institutions to reduce exposure. Yet, this technical caution hasn’t dampened the long-term optimism surrounding NVIDIA’s AI and data center expansion strategy. As reported by Investor’s Business Daily, NVIDIA’s partnerships and ecosystem, particularly in data center infrastructure, continue to drive momentum. Vertiv Holdings, a key NVIDIA partner, recently reported a 37.4% jump in Q4 earnings per share and a 22.6% increase in revenue, citing "deep collaborations with semiconductor industry leaders" as a reason for ongoing strength in 2026.
Analysts remain bullish on NVIDIA’s prospects. According to MarketBeat, the stock currently has an average "Buy" rating, with four analysts rating it a "Strong Buy," forty-six giving it a "Buy," and only two suggesting "Hold." Recent price targets have been raised, with Tigress Financial, President Capital, and KeyCorp all lifting their objectives—some as high as $350 per share. The company’s fundamentals remain solid: a quick ratio of 3.71, a current ratio of 4.47, and a debt-to-equity ratio of just 0.06. Its 52-week stock price has ranged from $86.62 to $212.19, and the business recently paid a quarterly dividend, albeit with a modest yield.
Insider activity has also made headlines. In the last quarter, insiders sold more than 1.6 million shares worth nearly $292 million. Director Harvey C. Jones and CFO Colette Kress both executed significant sales, reflecting a 3.48% and 2.32% decrease in their respective positions. While insider selling can sometimes raise eyebrows, it’s often part of routine portfolio management, especially after such dramatic price appreciation.
For those seeking alternatives to NVIDIA’s high valuation, the market has offered up names like Sandisk and Pagaya Technologies. Sandisk, for example, saw its stock rocket 1,410% over the past year, buoyed by a 61% surge in fiscal Q2 revenue driven by booming data center demand. Pagaya Technologies, meanwhile, announced a new $800 billion loan securitization and boasts partnerships with U.S. Bank, Visa, and SoFi Technologies, leveraging AI to evaluate loan applications in less than a second. These companies, while not direct competitors, reflect the expanding universe of AI-driven growth stories that investors are watching closely.
Founded in 1993 and headquartered in Santa Clara, California, NVIDIA has evolved from a graphics chipmaker into a global powerhouse in accelerated computing, AI, and data center technology. Its product portfolio spans gaming GPUs, professional visualization, high-performance accelerators for AI training and inference, and system-on-chip solutions for automotive and edge applications. Under the leadership of co-founder and CEO Jensen Huang, the company has navigated cycles of hype and skepticism, always with an eye on the next frontier.
As the AI arms race intensifies and institutional investors recalibrate their portfolios, NVIDIA’s story remains as compelling—and as complex—as ever. The company’s ability to deliver outsized growth, adapt to shifting market conditions, and maintain its technological edge will be closely watched in the months ahead.