Intel stock spikes after report of possible US government stake
In a recent transaction, John Dabiri, a director at NVIDIA Corp (NASDAQ:NVDA), sold 2,663 shares of the company’s common stock. The shares were sold at a price of $110 each, totaling approximately $292,930. Following the sale, Dabiri retains ownership of 17,279 shares in the company.
The transaction was conducted as part of a pre-arranged trading plan under Rule 10b5-1, which Dabiri adopted on December 9, 2024. This type of plan allows company insiders to set up a predetermined schedule for buying or selling shares, providing a defense against potential accusations of insider trading. According to InvestingPro data, NVIDIA boasts a perfect Piotroski Score of 9, indicating strong financial health and operational efficiency.
NVIDIA Corp, based in Santa Clara, California, is a leading player in the semiconductor industry, known for its graphics processing units and related technology. The company maintains strong financials with a gross profit margin of 75% and return on assets of 82%. For deeper insights into NVIDIA’s valuation and growth prospects, including exclusive ProTips and comprehensive analysis, visit InvestingPro.
In other recent news, NVIDIA Corporation announced a new Variable Compensation Plan for Fiscal Year 2026, linking executive pay to corporate performance targets. This plan, adopted by the Compensation Committee, ties potential cash payments to NVIDIA’s revenue performance, with CEO Jensen Huang’s target award opportunity set at $3 million. Additionally, Citi analysts maintained their Buy rating for NVIDIA, with a price target of $163.00, highlighting investor interest in the company’s upcoming GPU Technology Conference. They noted that NVIDIA’s risks related to sales exposure in China and Singapore have been mitigated, although concerns about AI restrictions and tariffs on gross margins remain.
NVIDIA’s revenue announcement of $11 billion from its Blackwell chip, described as the fastest product ramp in its history, has contributed to alleviating concerns about production delays. Meanwhile, Foxconn (SS:601138), a supplier for NVIDIA, reported a 25% increase in revenue for early 2025, driven by demand for AI computing. In related developments, Broadcom (NASDAQ:AVGO)’s optimistic forecast for AI chip production has positively influenced NVIDIA’s premarket performance. This follows Broadcom’s report of adjusted earnings per share that surpassed analyst estimates, further reassuring investors about AI computing spending.
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