Nvidia executive vice president Ajay Puri is selling shares for $5.54 million via Investing.com
Ajay K. Puri, executive vice president of worldwide field operations at NVIDIA Corp (NASDAQ:NVDA), recently sold a significant portion of the company’s stock, according to a regulatory filing. The transaction comes as NVIDIA, now valued at $3.43 trillion, has seen its stock jump 168% over the past year, making it one of the top performers on the market. On January 6 and 7, Puri sold a total of 36,695 shares, for a total transaction value of approximately $5.54 million. Shares were traded at prices ranging from $150.405 to $152.5001 per share.
Following these transactions, Puri owns 3,902,655 shares indirectly through the trust. These sales were made pursuant to a prearranged trading plan established on September 30, 2024, as part of a Rule 10b5-1 trading plan.
In other recent news, NVIDIA Corporation (NASDAQ: ) has been the subject of a number of analyst notes. Bernstein presented his technology strategy for 2025, with NVIDIA being the main contributor to the technology sector’s outperformance in the past year. The firm predicts that NVIDIA’s advances, particularly in artificial intelligence (AI), will significantly impact the technology sector’s performance in 2025. Furthermore, Bernstein analysts maintained an Outperform rating on NVIDIA shares, following the company’s recent presentation at the Consumer Electronics Show (CES ). presenting new products and partnerships.
DA Davidson, however, maintained a neutral stance on NVIDIA stock, even after the company’s significant announcements at CES. The company noted a lack of significant financial updates or a detailed plan for this year’s data center products. In other developments, Uber Technologies Inc . (NYSE: ) announced a partnership with NVIDIA to advance autonomous vehicle technology through artificial intelligence, a move backed by BofA Securities, which maintained a buy rating on Uber shares.
Finally, NVIDIA CEO Jensen Huang expressed his willingness to meet with the US president-elect to discuss AI policy. These are recent developments that investors should consider when evaluating the company’s performance and future prospects.
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