Nvidia ( (NVDA) ) has been popular among investors this week. Here is a recap of the key news on this stock.
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Nvidia’s CEO Jensen Huang has reached a significant milestone, matching Warren Buffett in net worth, thanks to Nvidia’s success in the AI chip market. Huang’s wealth has surged to approximately $143 billion, driven by Nvidia’s record-breaking market cap of $4 trillion, surpassing tech giants like Microsoft and Apple. Despite selling $36.4 million worth of Nvidia stock recently, Huang remains deeply invested in the company’s future, holding over 858 million shares.
In a strategic move, Huang has been selling shares through a pre-arranged trading plan, allowing him to lock in profits while minimizing market impact. This approach is part of a broader strategy for tax planning and portfolio diversification. Nvidia’s stock continues to perform strongly, with analysts maintaining a bullish outlook, rating it a ‘Strong Buy’ with a price target suggesting further upside potential. Investors remain confident in Nvidia’s growth prospects, particularly in AI and GPU segments, despite the insider sales.