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NVIDIA Corp (NASDAQ:NVDA), the semiconductor giant with a market capitalization of $4.45 trillion, saw its President and CEO Huang Jen Hsun sell 163,123 shares of common stock between October 16 and October 20, according to a Form 4 filing with the Securities and Exchange Commission. The sales, executed under a prearranged trading plan, resulted in total proceeds of approximately $41.06 million. The stock is currently trading near its 52-week high, having surged 89% in the past six months.
The transactions occurred at various prices, ranging from $180.5366 to $184.9179. On October 16, Huang sold 12,216 shares at an average price of $180.5366, 28,874 shares at $181.5419, 31,274 shares at $182.3271 and 2,636 shares at $183.0944. On October 17, he sold 9,795 shares at an average price of $180.6115, 13,328 shares at $181.4777, 28,863 shares at $182.422 and 22,744 shares at $183.3671 and 270 shares at $183.9567. On October 20, Huang sold 10,042 shares at an average price of $182.5389, 47,306 shares at $183.2928, 16,675 shares at $184.0229 and 977 shares at $184.9179. According to InvestingPro, NVIDIA maintains excellent financial health with strong profitability metrics.
Following these transactions, Huang directly owns 70,108,203 shares of NVIDIA Corp. He also indirectly owns a significant amount of shares through various trusts, partnerships and limited liability companies. With a P/E ratio of 52.09 and strong growth prospects, NVIDIA continues to attract investor attention. For comprehensive analysis and 18 additional key insights about NVIDIA, visit InvestingPro.
In other recent news, Nscale has entered into a significant agreement with Microsoft to supply approximately 200,000 NVIDIA GB300 GPUs. This deal, which is one of the largest AI infrastructure contracts, will be executed across Europe and the U.S. through Nscale’s operations and a joint venture with Aker ASA. Additionally, Microsoft plans to rent data center capacity from Nscale in Portugal to expand its AI computing resources, with operations expected to commence in early 2026. Piper Sandler has reiterated an Overweight rating for Nvidia, citing robust demand that surpasses manufacturing capacity across its product lines. Navitas Semiconductor Corp has announced advancements in its 800 VDC technology for NVIDIA’s AI platforms, addressing the need for higher power distribution in new AI architectures. Meanwhile, BofA Securities reaffirmed a Buy rating on Broadcom, highlighting customer diversification in its AI business, with a substantial $10 billion award anticipated for the fiscal third quarter of 2026.
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