NVIDIA Stock News

Nvidia chief Jensen Huang said during an interview with CNBC on Wednesday that demand for the tech giant's Blackwell “Superchip” is “insane,” sending Nvidia shares up more than 3% on Thursday.

The majority of active managers tracked by BofA have Nvidia positions — but the stock's relative weighting in funds is still not aggressive, which could come as some relief.

Investor concerns regarding the momentum of artificial intelligence (AI) and a lofty valuation have punished the chipmaker. The future still looks bright.

Chipmaker Nvidia Corp (NASDAQ:NVDA) is a staple on Senior Quantitative Analyst Rocky White's list of stocks that attracted the most options volume over the last two weeks.

Nvidia (NVDA, Financial) insiders have sold over $1.8 billion worth of shares this year, with more sales potentially on the horizon. According to data from Washington Service, Nvidia executives and directors have offloaded nearly 11 million shares in 2024, marking the highest annual sell-off since at least 2020.

Nvidia (NVDA, Financial) stock experienced a notable increase, with the price rising by 4.2% to $123.05. This movement is attributed to the CEO's comments on strong demand for Nvidia's upcoming Blackwell chip, which is poised to enhance AI capabilities and is scheduled for a Q4 release.

Nvidia stock just got a double dose of good news.

NVIDIA (NVDA, Financial) shares rose by as much as 4.6% after CEO Jensen Huang provided an optimistic outlook on the company's latest Blackwell chip. In an interview, Huang mentioned that "Blackwell is in full production and demand is reaching a frenzied level.