Retirement Systems of Alabama Has $1.66 Billion Stock Holdings in NVIDIA Corporation $NVDA

Retirement Systems of Alabama reduced its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 0.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,894,297 shares of the computer hardware maker’s stock after selling 28,117 shares during the quarter. NVIDIA makes up approximately 5.5% of Retirement Systems of Alabama’s holdings, making the stock its largest holding. Retirement Systems of Alabama’s holdings in NVIDIA were worth $1,659,498,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NVDA. First Citizens Bank & Trust Co. raised its position in NVIDIA by 5.8% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 672,752 shares of the computer hardware maker’s stock valued at $125,522,000 after purchasing an additional 37,041 shares during the last quarter. Whittier Trust Co. increased its stake in shares of NVIDIA by 1.7% in the third quarter. Whittier Trust Co. now owns 3,348,344 shares of the computer hardware maker’s stock valued at $628,216,000 after buying an additional 54,942 shares in the last quarter. Gordian Advisors LLC increased its stake in shares of NVIDIA by 4.2% in the third quarter. Gordian Advisors LLC now owns 2,480 shares of the computer hardware maker’s stock valued at $463,000 after buying an additional 100 shares in the last quarter. CIBC Asset Management Inc raised its holdings in shares of NVIDIA by 2.9% in the third quarter. CIBC Asset Management Inc now owns 6,392,530 shares of the computer hardware maker’s stock valued at $1,192,457,000 after buying an additional 180,004 shares during the last quarter. Finally, Heritage Investment Group Inc. lifted its position in NVIDIA by 3.9% during the 3rd quarter. Heritage Investment Group Inc. now owns 10,050 shares of the computer hardware maker’s stock worth $1,875,000 after buying an additional 378 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Key NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Analysts and investors remain constructive: several firms have raised price targets and reiterated buy ratings ahead of NVIDIA’s upcoming earnings, reinforcing expectations for strong revenue from AI data-center demand. Nvidia price target boosted on positive earnings setup ahead of GTC event
• Positive Sentiment: Large institutional buying in filings (e.g., Cardano Risk Management and Haverford Trust additions) signals continued conviction from some big holders, providing a structural bid under the stock. Fund Update: 70,283,539 NVIDIA (NVDA) shares added to Cardano Risk Management B.V. portfolio
• Positive Sentiment: Fundamentals remain strong — NVIDIA is widely expected to hit very large data-center revenue targets driven by Blackwell shipments and data-center capex, supporting long-term earnings upside. Will Data Center Unit Help NVIDIA Reach Its $65B Q4 Revenue Goal?
• Neutral Sentiment: Macro is mixed but not hostile — CPI came in roughly as expected, so inflation-driven rate shocks are not the primary driver of today’s move. CPI Increased in Line With Expectations
• Neutral Sentiment: Reported plans to lease a Nevada data center financed via high-yield debt raise financing/strategy questions for some investors, but detail is limited so the market impact is unclear. Nvidia to lease Nevada data center financed by junk bonds: report
• Negative Sentiment: Customer diversification headlines: Arista’s CEO said deployments are shifting away from near-100% NVIDIA to a meaningful share using AMD, signaling competitors are gaining traction in some workloads — a clear near-term headwind for NVDA sentiment. Nvidia’s stock is down and AMD is up. The culprit may be Arista.
• Negative Sentiment: Big customers and AI firms are publicly pursuing chip diversification (reports on OpenAI exploring alternatives), which increases competitive risk and can pressure sentiment even if NVIDIA remains the market leader. AI firms like OpenAI seek Nvidia alternatives
• Negative Sentiment: Geopolitical/export concerns resurfaced after a U.S. lawmaker hinted at restrictions on AI chip sales to China, creating uncertainty around a material end market and weighing on the stock. Nvidia (NVDA) Slides as U.S. Lawmaker Hints at AI Chip Sales to China
• Negative Sentiment: Short-term profit-taking and “crowded trade” unwinding in semiconductors contributed to selling pressure after a strong multi-week run; this technical/flow-driven selling can amplify any negative headline. Nvidia stock tumbles over 2%: why investors are booking profits
• Negative Sentiment: Insider selling and some fund trims have been reported recently, which can add to near-term caution even though institutional activity is mixed. Nvidia insiders dump over $100 million of NVDA stock since 2026 started

Insider Activity

In other NVIDIA news, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $177.33, for a total transaction of $44,332,500.00. Following the transaction, the director directly owned 6,933,280 shares in the company, valued at approximately $1,229,478,542.40. The trade was a 3.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Ajay K. Puri sold 200,000 shares of the business’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $187.82, for a total value of $37,564,000.00. Following the completion of the transaction, the executive vice president directly owned 3,818,547 shares of the company’s stock, valued at approximately $717,199,497.54. The trade was a 4.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,611,474 shares of company stock valued at $291,731,692. 4.17% of the stock is currently owned by company insiders.

NVIDIA Stock Down 2.2%

NASDAQ:NVDA opened at $182.85 on Monday. The company has a quick ratio of 3.71, a current ratio of 4.47 and a debt-to-equity ratio of 0.06. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $212.19. The stock’s fifty day simple moving average is $184.72 and its 200-day simple moving average is $183.34. The firm has a market capitalization of $4.44 trillion, a P/E ratio of 45.37, a P/E/G ratio of 0.56 and a beta of 2.31.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.07. The firm had revenue of $57.01 billion for the quarter, compared to analyst estimates of $54.66 billion. NVIDIA had a return on equity of 99.24% and a net margin of 53.01%.The company’s quarterly revenue was up 62.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.81 earnings per share. Equities research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Thursday, December 4th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is presently 0.99%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $300.00 target price on shares of NVIDIA in a research note on Thursday, November 20th. S&P Equity Research reissued a “positive” rating on shares of NVIDIA in a report on Wednesday, October 22nd. Loop Capital boosted their price objective on shares of NVIDIA from $250.00 to $350.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Evercore reiterated an “outperform” rating on shares of NVIDIA in a research report on Tuesday, January 6th. Finally, Wedbush boosted their target price on NVIDIA from $210.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, November 20th. Four analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, NVIDIA has a consensus rating of “Buy” and a consensus price target of $264.20.

NVIDIA Profile

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.