NVIDIA To Resume China Chip Sales
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Nvidia Corporation leads the global AI revolution. U.S.-China export breakthroughs boost H20 GPU sales in China, driving revenue. Click for my NVDA update.
Huang has unloaded 1.2 million shares, totaling about $190 million, since he started selling stock this year, according to InsiderScore.
These are some of the stocks on the move on Wednesday, July 16. Nvidia CEO Jensen Huang sold roughly 225,000 Nvidia (NVDA) shares as part of a previously disclosed plan to sell up to 6 million shares.
Nvidia Corporation continues to lead in AI & data centers, fueling stock growth despite risks & high valuations. Click for my NVDA update.
Jensen Huang’s trading plan has sold 975,000 Nvidia shares for $152 million since June, as the stock price sets records.
Nvidia stock is trading near its all-time high and has just surpassed the $4 trillion market capitalization milestone. But why is Jensen Huang selling NVDA stock right now?
Nvidia shares surged 4.7% to $171.78 in premarket trading Tuesday, extending gains from last week when the company became the first in history to close with a market capitalization above $4 trillion.
Now, let's consider Jensen Huang's recent move. The CEO sold shares of Nvidia from July 8 through July 10, and that follows a sale of shares from June 18 through June 23.
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