Adaptimmune stock plunges after announcing Nasdaq delisting plans
NVIDIA CORP (NASDAQ:NVDA), the semiconductor giant with a market capitalization of $4.25 trillion and an "EXCELLENT" InvestingPro financial health rating, saw its President and CEO Jen Hsun Huang sell a total of $39.7 million in company stock between September 12 and September 16. The sales occurred at prices ranging from $174.98 to $178.53, near the stock’s 52-week high of $184.48.
The transactions involved multiple sales. On September 12, Huang sold 14,247 shares at an average price of $177.249, 60,627 shares at an average price of $177.8291 and 126 shares at an average price of $178.5309. On September 15, he sold 21,401 shares at an average price of $175.2283, 11,486 shares at an average price of $175.9436, 37,193 shares at an average price of $177.3687 and 4,920 shares at an average price of $177.873. On September 16, Huang sold 36,482 shares at an average price of $174.9819, 20,335 shares at an average price of $176.0998, 17,606 shares at an average price of $176.6007 and 577 shares at an average price of $177.394.
On September 15, Huang also gifted 1,125,000 shares of NVIDIA CORP stock to The Jen-Hsun & Lori Huang Foundation and a donor-advised fund. The transaction was valued at $0.
These transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 20, 2025.
Huang continues to hold a significant number of NVIDIA shares both directly and indirectly through various trusts and partnerships.
In other recent news, Nvidia has announced a significant partnership with UK firms, including CoreWeave, Microsoft, and Nscale, to deploy 120,000 Blackwell GPUs in the United Kingdom by the end of 2026. This initiative represents an investment of up to £11 billion, marking the largest rollout of its kind in the UK’s history. Meanwhile, Nvidia’s latest AI chip designed for the Chinese market, the RTX6000D, is experiencing tepid demand. Sources indicate that the chip is considered expensive relative to its performance, particularly when compared to the U.S.-banned RTX5090 available through grey market channels at a lower price. Additionally, CoreWeave has entered into a substantial $6.3 billion cloud capacity agreement with Nvidia. This arrangement allows CoreWeave to sell reserved cloud computing capacity while providing Nvidia access to any unsold capacity. These developments highlight Nvidia’s ongoing efforts to expand its technological infrastructure and market presence.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.