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 surge 168% over the past year, making it one of the market’s top performers. On January 6 and 7, Puri disposed of a total of 36,695 shares, amounting to a total transaction value of approximately $5.54 million. The shares were sold at prices ranging from $150.405 to $152.5001 per share.
Following these transactions, Puri holds 3,902,655 shares indirectly through a trust. These sales were conducted under a pre-arranged 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 multiple analyst notes. Bernstein outlined its technology strategy for 2025, with NVIDIA being a primary contributor to the tech sector’s outperformance in the past year. The firm anticipates NVIDIA’s progress, particularly in artificial intelligence (AI), to significantly influence the tech sector’s performance in 2025. In addition, Bernstein analysts maintained an Outperform rating on NVIDIA shares, following the company’s recent keynote at the Consumer Electronics Show (CES) showcasing new products and partnerships.
DA Davidson, however, maintained a Neutral stance on NVIDIA shares, even after the company’s significant announcements at CES. The firm noted a lack of substantial financial updates or a detailed roadmap 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 AI, a move endorsed by BofA Securities, which maintained a Buy rating on Uber stock.
Lastly, NVIDIA’s CEO, Jensen Huang, expressed readiness 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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