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NVIDIA CORP (NASDAQ:NVDA) President and CEO Jen Hsun Huang sold 202,439 shares of common stock between July 2nd and July 7th, according to a new Form 4 filing with the Securities and Exchange Commission. The sales, executed under a pre-arranged 10b5-1 trading plan, fetched prices ranging from $153.6703 to $160.8423, resulting in total proceeds of approximately $35.5 million. These transactions occurred as NVIDIA, now valued at $3.87 trillion, trades near its 52-week high of $160.98. According to InvestingPro analysis, the stock appears to be trading above its Fair Value, with an excellent Financial Health score of 3.88 out of 5.
On July 2nd, Huang sold a total of 58,090 shares in five separate transactions. These shares were sold at weighted average prices of $153.6703, $154.54, $155.4484, $156.7389 and $157.2401.
On July 3rd, Huang sold an additional 64,090 shares in four separate transactions. These shares were sold at weighted average prices of $158.4139, $159.3874, $160.125 and $160.8423.
On July 7th, Huang sold a further 75,000 shares in two transactions, at weighted average prices of $158.1943 and $158.6077.
Following these transactions, Huang directly owns 75,023,225 shares of NVIDIA CORP. He also indirectly owns shares through various trusts, partnerships, and limited liability companies. These include 582,503,470 shares held by the Jen-Hsun & Lori Huang Living Trust, 49,489,560 shares held by J. and L. Huang Investments, L.P., 22,280,000 shares held by The Huang 2012 Irrevocable Trust, 50,078,000 shares held by The Huang Irrevocable Remainder Trust, 29,512,185 shares each held by The Lori Lynn Huang 2016 Annuity Trust II Agreement and The Jen-Hsun Huang 2016 Annuity Trust II Agreement, and 10,000,000 shares each held by TARG S LLC and TARG M LLC.
In other recent news, Nvidia has been the focus of several notable developments. Mizuho (NYSE:MFG) has raised its price target for Nvidia to $185, citing a strong data center outlook and improved GPU supply, while maintaining an Outperform rating. The investment firm projects Nvidia’s fiscal 2026 revenue at $202 billion and earnings per share at $4.38, up from previous estimates. Meanwhile, Cantor Fitzgerald reiterated its Overweight rating on Nvidia with a price target of $200, highlighting increased analyst confidence in the company’s future performance.
Additionally, IREN Limited has expanded its AI cloud capabilities by purchasing 2,400 next-generation Nvidia Blackwell GPUs for approximately $130 million. This expansion increases IREN’s total GPU fleet to about 4,300 Nvidia GPUs, positioning the company for further growth. CoreWeave Inc. has also made strides by becoming the first to deploy Nvidia’s latest GB300 NVL72 platform, marking a significant advancement in AI infrastructure.
Lynx Equity has advised investors to disregard a Bloomberg report about potential U.S. restrictions on AI chip shipments to Southeast Asia, emphasizing the importance of reports from official sources. Lynx noted that any potential restrictions would likely have minimal impact on Nvidia, given the company’s limited revenue exposure to those regions. These recent developments underline Nvidia’s ongoing influence and involvement in the AI and semiconductor sectors.
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