NVIDIA Corp (NASDAQ:) Director Coxe Tench recently sold a significant number of shares worth approximately $131.26 million. The transaction, which took place on December 16, 2024, included the sale of 1,000,000 shares at prices ranging from $131.03 to $132.64 per share. NVIDIA stock has returned an impressive 160% over the past year, and the company’s market cap now stands at $3.21 trillion, according to data from InvestingPro. Following these sales, Tench will hold 27,671,360 shares indirectly through a trust and an additional 5,432,848 shares directly and through a profit sharing plan. Additionally, as described in the filing, on December 17, 2024, Tench made a gratis gift of 1,000,000 shares. The company maintains financial health with a perfect Piotroski Score of 9, and the stock is currently trading near fair value, according to InvestingPro analysis. Subscribers have access to over 20 additional pro tips and comprehensive financial metrics through InvestingPro’s in-depth research reports.
In other recent news, NVIDIA has made great strides in the AI and robotics industry with the introduction of the Jetson Orin Nano, a compact AI computer. The device is designed for on-device AI processing and robotics and was announced by NVIDIA CEO Jensen Huang. At the same time, NVIDIA’s GB200 rackmount solution is expected to be in volume production between Q2 and Q3 of 2025, following the necessary supply chain optimizations identified by TrendForce.
Financial company Citi reaffirmed its positive stance on NVIDIA and maintained its “buy” rating. The company’s analysis predicts that the AI accelerator market will reach $380 billion by 2028, with NVIDIA’s AI GPUs expected to capture a commanding 75% market share. Wolfe Research remains positive on NVIDIA, highlighting the company’s strong position in artificial intelligence.
However, NVIDIA stock fell in connection with Microsoft’s (NASDAQ:) comments regarding chip supply. Microsoft CEO Satya Nadella said the company no longer faces chip supply constraints, in contrast to NVIDIA, which expects demand for Blackwell chips to increase through 2025. These are recent developments for NVIDIA, according to various analyst notes and company statements.
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