NVIDIA Corp (NASDAQ:NVDA) Director Coxe Tench has recently sold a substantial number of shares, totaling approximately $131.26 million. The transactions, which occurred on December 16, 2024, involved the sale of 1,000,000 shares at prices ranging from $131.03 to $132.64 per share. According to InvestingPro data, NVIDIA's stock has delivered an impressive 160% return over the past year, with the company now commanding a market capitalization of $3.21 trillion. Following these sales, Tench holds 27,671,360 shares indirectly, through a trust, and an additional 5,432,848 shares directly and through a profit-sharing plan. Additionally, on December 17, 2024, Tench gifted 1,000,000 shares without consideration, as indicated in the filing. The company maintains strong financial health with a perfect Piotroski Score of 9, while InvestingPro analysis indicates the stock is currently trading near its Fair Value. Subscribers can access 20+ additional ProTips and comprehensive financial metrics through InvestingPro's detailed research reports.
In other recent news, NVIDIA has made significant strides in the AI and robotics industry with the introduction of the Jetson Orin Nano, a compact AI computer. The device, designed for on-device AI processing and robotics, was unveiled by NVIDIA's CEO Jensen Huang. Simultaneously, NVIDIA's GB200 rack-mounted solution is expected to go into mass production between Q2 and Q3 of 2025, following necessary supply chain optimizations identified by TrendForce.
Citi, a financial firm, has reaffirmed its positive stance on NVIDIA, maintaining a Buy rating. The firm's analysis projects a $380 billion total addressable market for AI accelerators by 2028, with NVIDIA's AI GPUs expected to claim a dominant 75% market share. Wolfe Research also maintains a positive stance on NVIDIA, highlighting the company's robust position in artificial intelligence.
However, NVIDIA's stock has seen a decrease, linked to comments made by Microsoft (NASDAQ:MSFT) regarding chip supply. Microsoft's CEO Satya Nadella indicated that the company no longer faces chip supply constraints, contrasting with NVIDIA's expectation of high demand for their Blackwell chips into 2025. These are the recent developments for NVIDIA, according to various analyst notes and company statements.
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