Form 13F filings show billionaires and institutional investors reduced Nvidia positions despite $4.6 trillion market cap gain.
Billionaire and institutional investors sold Nvidia shares in recent quarters, according to Form 13F filings, despite the company’s stock rising approximately 1,300% since early 2023. Nvidia’s market value has increased by over $4.6 trillion during this period, driven by surging demand for its AI-focused GPUs in data centers.
Nvidia’s data center sales growth and gross margins near 75% reflect strong operational performance. The company’s roadmap, including annual chip releases like Hopper and Blackwell, has maintained its competitive edge in AI infrastructure. PwC estimates AI could add $15.7 trillion to the global economy by 2030, with Nvidia positioned as a key enabler.
The divergence between Nvidia’s fundamentals and investor selling activity raises questions about valuation and long-term positioning in the AI sector.