ReElement Technologies stock soars after securing $1.4B government deal
Nvidia (NASDAQ:NVDA) President and CEO Jen Hsun Huang sold 24,990 shares of common stock on October 29, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The sales, totaling $5.19 million, occurred at prices ranging from $205.6542 to $211.7617.
The transaction was executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 20, 2025. Following the reported transactions, Huang directly owns 69,733,203 shares of Nvidia.
Additionally, Huang has indirect ownership of Nvidia shares through several trusts, partnerships and limited liability companies. These include 581,378,470 shares held by the Jen-Hsun & Lori Huang Living Trust, 49,489,560 shares held by J. and L. Huang Investments, L.P., and other holdings through irrevocable trusts and limited liability companies.
In other recent news, Nvidia Corporation is preparing to discuss its third-quarter fiscal 2026 financial results on November 19. This announcement comes as the company continues to expand its presence in the artificial intelligence sector. Nvidia has partnered with Hyundai Motor Group on a $3 billion AI cluster initiative in South Korea, which will include the establishment of AI technology and data centers. Additionally, Nvidia plans to invest up to $1 billion in the AI startup Poolside, potentially increasing the startup’s valuation significantly.
Analysts have also weighed in on Nvidia’s prospects. Cantor Fitzgerald reiterated its Overweight rating on Nvidia, emphasizing the stock’s attractive valuation despite concerns about an AI bubble. The firm set a price target of $300, noting that Nvidia trades at about 21 times their estimated 2026 earnings per share. Truist Securities maintained a Buy rating with a $228 price target, citing CEO Jensen Huang’s comments on a significant GPU backlog as a positive indicator for the company’s future. These developments underscore Nvidia’s ongoing strategic moves and market evaluations.
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