Several investors reduce NVIDIA stock holdings in early October

By Splitfeed EditorialLast updated Oct 5, 2026, 07:20 UTC

Around October 3 and 4, 2026, a cluster of moves around NVIDIA stock drew attention from both valuation analysts and regulatory filings. On October 3, ChartMill rated NVDA as a decent value stock, and Simply Wall Street published a piece asking whether the company is undervalued in light of fresh AI partnerships and continued analyst support. The following day, MarketBeat filings confirmed that four separate entities, Planning Directions Inc., Puzo Michael J, Quartz Partners LLC, and Abacus FCF Advisors LLC, had each sold or reduced their positions in NVIDIA shares.

The timing creates an interesting tension. Positive valuation signals from independent screeners and financial commentary sites landed almost simultaneously with disclosure of institutional and individual selling. That does not necessarily signal contradiction; investors trim positions for many reasons unrelated to their view of a company's long-term prospects, including portfolio rebalancing, tax planning, or liquidity needs. What makes the story worth tracking is that NVIDIA remains the central hardware name in AI infrastructure, meaning any movement in its stock carries weight beyond ordinary equity news. The question of whether the stock is fairly priced after years of dramatic gains, and after new AI partnership announcements, is one that analysts continue to debate without a settled answer.

None of the three camps, Pro-AI, Anti-AI, or Middle Ground, had published specific reactions to this story at the time of filing. Pro-AI voices would typically treat any suggestion that NVDA is undervalued as confirmation that the market has not yet fully priced in AI's long-term growth potential. Anti-AI commentators would likely point to the selling activity as evidence that sophisticated investors are beginning to question whether AI-driven valuations are sustainable. Middle Ground observers would probably argue that both signals together reflect a maturing market in which early momentum buyers are rotating out while value-oriented buyers are rotating in, a process they would see as healthy normalization rather than either boom or bust.

The clearest thing to watch going forward is NVIDIA's next earnings report and any formal announcements tied to the AI partnerships mentioned by Simply Wall Street. Those disclosures would give analysts harder numbers to test whether the current price reflects genuine undervaluation or lingering overextension from the AI investment surge.