From Nasdaq: 2024-06-25 10:00:26

The surge in AI stocks is part of a massive trend, with projections suggesting the market could reach $2.74 trillion by 2032 at a CAGR of 20.4%. Nvidia, a key player in the sector, saw its stock rise 138.5% YTD, but recent profit-taking has caused a 16% slide. Insiders, including CEO Jensen Huang, have sold stock worth millions. However, these sales may be part of scheduled plans instead of a bearish outlook, as suggested by CEO Mark Lehmann. In Q1 2025, Nvidia reported record revenues of $26 billion, with data center revenues surging by 427%. The company also announced a 10-for-1 stock split and expects $28 billion in Q2 revenues. Nvidia is set to launch its new Blackwell platform, which promises significant improvements in cost and energy efficiency over its predecessor. Analysts remain bullish on Nvidia, with a consensus rating of “Strong Buy” and a mean target price of $129.97, indicating a potential 10% upside.



Read more at Nasdaq: Insider Selling in Nvidia Stock Hits an All-Time High, is This a Red Flag?