NVIDIA stocks reach record high, insiders sell off
NVIDIA's stock has jumped over 60% since April, fueled by the rush for AI tech.
That surge got insiders—including CEO Jensen Huang—selling more than $1 billion in shares over the past year, with most of those sales happening just recently.
For Huang, it was his first time selling since last September.
NVIDIA reclaims its spot more valuable than Microsoft and Apple
After a 4.3% climb last Wednesday, NVIDIA reclaimed its spot as more valuable than Microsoft and Apple, with a market valuation of around $3.76 trillion.
Analysts at Loop Capital raised their price target to $250 and kept a "buy" rating, pointing to strong earnings ahead even though the stock is trading below its usual price-to-earnings average.
The buzz around NVIDIA highlights just how much excitement there is for AI-driven growth in the market right now.