Nvidia disposed of approximately 1.1 million Arm shares valued at around $140 million in the fourth quarter, marking its first major exit since its failed $40 billion acquisition attempt in 2020. This divestment ends Nvidia’s direct equity exposure while preserving its technology partnership through Arm licensing.

Legendary investor Stanley Druckenmiller sold his entire Arm stake in the same period, removing one of the last significant institutional holdings ahead of Arm’s strategic shift. His exit reflects a broader rotation away from chip licensing plays in favor of other asset classes.

SoftBank Group retains majority ownership of Arm and is advancing preparations for a public listing, which could increase free float and liquidity. Market attention is now focused on how these recent high-profile sales may influence pricing and demand when Arm begins trading publicly.