--- title: "Bank of America released the latest active fund holdings data for October, with NVIDIA still being the \"darling\" of institutions" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/265379376.md" description: "According to the latest data from Bank of America, NVIDIA remains the most widely held semiconductor stock among institutions, with 76% of U.S. equity active fund managers holding it, demonstrating its dominant position in the AI wave. In contrast, the holding ratio for AMD is only 24%, significantly lower than 38% in the same period last year. BofA maintains a \"Buy\" rating on AMD with a target price of $300. Synopsys and AMD are the fastest-growing stocks in terms of holdings, while Qualcomm, ON Semiconductor, and Microchip Technology recorded the largest reductions" datetime: "2025-11-11T16:20:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/265379376.md) - [en](https://longbridge.com/en/news/265379376.md) - [zh-HK](https://longbridge.com/zh-HK/news/265379376.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/265379376.md) | [English](https://longbridge.com/en/news/265379376.md) # Bank of America released the latest active fund holdings data for October, with NVIDIA still being the "darling" of institutions According to the latest data on active fund holdings for October released by Bank of America (BofA), there has been a significant divergence in the capital distribution within the U.S. stock market's semiconductor and electronic design automation (EDA) sectors, with NVIDIA (NVDA.US) remaining the most widely held semiconductor stock among institutions. BofA analyst Vivek Arya's team pointed out that as of October, 76% of U.S. active fund managers held NVIDIA, an increase of 219 basis points from the previous quarter and a year-on-year rise of 539 basis points, indicating its further consolidation of dominance in the AI wave. The relative weight of NVIDIA in portfolios is 1.11 times, slightly higher than the median (1.06 times) of the other top 16 heavily weighted stocks in the technology and communication services sectors. In contrast, although AMD is one of the best-performing stocks in the Philadelphia Semiconductor Index (SOX.US) this year, institutional holdings remain insufficient. Only 24% of fund managers held AMD in October, a recovery from 20% in July, but still far below the 38% of the same period in 2024. BofA noted that AMD's relative weight in funds is only 0.19 times, a significant drop from the same period last year (0.59 times). BofA maintains a "Buy" rating on AMD with a target price of $300 and expects the company to update its total addressable market (TAM) for AI accelerators on November 11 during its analyst day, which could serve as a subsequent catalyst. In terms of quarterly changes, Synopsys (SNPS.US) and AMD have become the fastest-growing stocks in terms of holdings. Synopsys saw a 466 basis point increase in holdings due to the completion of its $35 billion acquisition of Ansys; AMD grew by 438 basis points, boosted by "key customer support." Conversely, Qualcomm (QCOM.US), ON Semiconductor (ON.US), and Microchip Technology (MCHP.US) recorded the largest reductions in holdings, decreasing by 356, 192, and 137 basis points, respectively, reflecting a weakening outlook for the analog and industrial semiconductor sectors. In terms of holding proportions, AMD, Teradyne (TER.US), and Intel (INTC.US) ranked in the top three, with quarterly increases of 43%, 34%, and 21%, respectively. Meanwhile, ON Semiconductor, Micron Technology (MU.US), and Qualcomm saw their weights decrease by 32%, 17%, and 16%, respectively. Overall, the relative weight of the semiconductor sector in the S&P 500 is 0.96 times, slightly down from 0.97 times in December last year, but higher than 0.95 times in August this year. At the same time, in October, Japan's SoftBank Group sold all of its NVIDIA shares, cashing out approximately $5.83 billion to expand investments in the AI field, further attracting market attention. Following this news, technology stocks generally softened on Tuesday, with NVIDIA down over 3.3%, Micron Technology down over 4%, and AMD down over 1.6%. It is noteworthy that this is not the first time SoftBank has exited NVIDIA. The company had previously sold all its shares in 2019, then re-purchased a small amount in 2020, and increased its holdings to about $3 billion by the end of March 2024. With this wave of AI momentum, NVIDIA's market value has soared by over $2 trillion in two years, also helping SoftBank record a net profit of 2.5 trillion yen (approximately $16.2 billion) in the second fiscal quarter, far exceeding market expectations ### 相關股票 - [NVIDIA (NVDA.US)](https://longbridge.com/zh-HK/quote/NVDA.US.md) ## 相關資訊與研究 - ['Buy AMD Stock,' Says Top Analyst as Strong Data Center Demand Drives Upgrade](https://longbridge.com/zh-HK/news/281601702.md) - [Nvidia’s $2 Billion Investment in Marvell: What Kind of Company Is Marvell?](https://longbridge.com/zh-HK/news/281372238.md) - [Samsung And AMD Tie HBM4 Supply To Wider AI Chip Ambitions](https://longbridge.com/zh-HK/news/281225130.md) - [Bye Bye, AMD! Cathie Wood Ditches 57K Advanced Micro Shares](https://longbridge.com/zh-HK/news/281387124.md) - [Insig AI Plans Growth Drive and Eyes Nasdaq Dual Listing](https://longbridge.com/zh-HK/news/281311983.md)