Nvidia Insiders Cash In Over $700M This Year As Jensen Huang $3.2 Trillion Chip Empire Continues To Swell (UPDATED)
Portfolio Pulse from Benzinga Neuro
Nvidia insiders have sold over $700 million in shares this year amid a 164% stock price surge driven by high demand for AI accelerator chips. Despite significant insider selling, the demand for Nvidia's products remains strong. However, analysts caution about potential stock pullbacks due to overbought conditions.
June 18, 2024 | 12:52 pm
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Nvidia insiders have sold over $700 million in shares this year, driven by a 164% stock price increase due to high demand for AI accelerator chips. Despite the insider selling, the demand for Nvidia's products remains strong. However, analysts caution about potential stock pullbacks due to overbought conditions.
The significant insider selling could be seen as a negative signal by some investors, but the strong demand for Nvidia's AI chips and the company's robust performance may offset this. Analysts' warnings about potential pullbacks due to overbought conditions add a layer of caution.
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