Intel stock extends gains after report of possible U.S. government stake
Nvidia Corp ’s (NASDAQ:NVDA), the semiconductor giant with a $2.86 trillion market cap and perfect Piotroski Score of 9 according to InvestingPro, saw its Executive Vice President and Chief Financial Officer, Colette Kress, execute a series of stock transactions, according to a filing with the Securities and Exchange Commission. On March 21, 2025, Kress sold a total of 66,660 shares of Nvidia common stock, generating approximately $7.79 million. The sales were conducted under a Rule 10b5-1 trading plan adopted on March 22, 2024, with the shares sold at prices ranging from $116.25 to $117.70.
In a separate transaction on March 19, 2025, Kress disposed of 103,965 shares at a price of $115.43 each, totaling around $12 million. These shares were withheld by Nvidia to satisfy tax obligations related to the vesting of restricted stock units. Following these transactions, Colette Kress holds 3,085,765 shares directly. With a gross profit margin of 75% and "GREAT" financial health score, Nvidia continues to demonstrate strong operational performance. For comprehensive insider trading analysis and 18 additional ProTips, visit InvestingPro.
In other recent news, NVIDIA’s earnings and revenue projections have been a focal point, with UBS maintaining a Buy rating and a price target of $185. Analyst Timothy Arcuri from UBS highlighted the potential for NVIDIA’s data center revenue to significantly increase, projecting it could more than double by 2028. Meanwhile, DA Davidson has taken a more cautious stance, cutting NVIDIA’s price target to $125 while maintaining a Neutral rating, following NVIDIA’s Investor Day at the GPU Technology Conference. During the event, NVIDIA introduced the Blackwell Ultra, emphasizing its commitment to AI accelerator products and AI factories. These developments underscore NVIDIA’s strategic focus on AI technology across various sectors.
Additionally, NVIDIA’s CEO, Jensen Huang, discussed AI’s universal importance, advocating for open-source technology and highlighting AI’s role in bridging the technology divide. Sovereign AI initiatives were also a topic of discussion at NVIDIA’s Sovereign AI Summit, emphasizing the growing demand for AI infrastructure globally. Analyst insights suggest that these initiatives could present significant opportunities for NVIDIA. Despite these promising developments, NVIDIA experienced notable premarket losses, with its 50-day moving average falling below its 200-day moving average.
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