Mark Stevens, a board member and second-largest shareholder of Nvidia, has been selling off his stake in the company at an accelerated rate, with recent sales totaling over $60 million. Other directors, including Trench Coxe, have also been selling shares. These sales are worth watching as they could indicate caution among investors. However, Nvidia's stock has been performing well, with a bullish trend and potential for further gains. The upcoming release of the Blackwell line of chips, expected to revolutionize the AI sector, could drive Nvidia's stock price even higher. Despite positive indicators, investors should monitor factors such as short interest and insider trading to gauge the short-term impact on the stock.
- Content Editor ( finbold.com )
- 2024-10-13
Nvidia's insider trader dumps another $20 million worth of NVDA shares