Intel stock extends gains after report of possible U.S. government stake
Donald F. Robertson Jr., the Principal Accounting Officer at NVIDIA Corp (NASDAQ:NVDA), a semiconductor giant with a $2.95 trillion market cap and perfect Piotroski Score of 9 according to InvestingPro, sold shares in a series of transactions on March 21, 2025. According to an SEC filing, Robertson disposed of a total of 4,500 shares, with sales prices ranging from $116.31 to $117.77 per share. The total value of these transactions amounted to $525,585. Following these sales, Robertson holds 479,428 shares of NVIDIA, which has demonstrated remarkable performance with 114.2% revenue growth in the last twelve months. The transactions were executed as part of a pre-arranged trading plan under Rule 10b5-1, adopted in October 2023. With 24 analysts recently revising earnings estimates upward and a "GREAT" financial health score, NVIDIA continues to show strong momentum. Discover more comprehensive insights and exclusive analysis in the Pro Research Report, available on InvestingPro.
In other recent news, Cassava Technologies announced its plan to build Africa’s first artificial intelligence (AI) factory using NVIDIA technology. This facility aims to provide African businesses and researchers with advanced AI computing capabilities. NVIDIA’s GPU-based supercomputers will power the AI factory, enhancing AI model training and inference capabilities across the continent. Meanwhile, NVIDIA CEO Jensen Huang emphasized the universal importance of AI in a podcast, advocating for open-source technology to ensure safety and transparency. Huang highlighted AI’s potential for specialization in areas like disease expertise and its role in reducing the technology divide globally.
Additionally, UBS analyst Timothy Arcuri maintained a Buy rating on NVIDIA stock with a $185 price target. Arcuri’s endorsement follows insights from NVIDIA’s Sovereign AI Summit, which underscored the rising demand for AI infrastructure driven by national AI initiatives. These sovereign AI projects aim to develop domestic AI models, reducing reliance on major U.S. developers. The summit highlighted initiatives like Korea’s HyperCLOVAX and Italy’s Colosseum, showcasing a trend toward tailored AI solutions. NVIDIA’s strategic position in this expanding market reflects potential growth opportunities as global AI infrastructure demand increases.
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