Though Nvidia (NASDAQ: NVDA) has already gained a superstar status in the stock market thanks to its pivotal role in the ongoing artificial intelligence (AI) boom, CEO Jensen Huang has recently outlined even more ambitious plans for the future.
So far this year, insiders at NVIDIA (NVDA, Financial) have sold more than $1.8 billion worth of stock, and more sales are on the horizon. According to data compiled by Washington Service, NVIDIA executives and directors have sold nearly 11 million shares in 2024, marking the highest level since 2020.
Amazon recently announced that it will invest several billions more in UK-based data centers. In the AI server space, Dell Technologies and Super Micro have also benefited from the data center boom, up 71% and 82%, respectively, in the past 12 months. Bitcoin miners are increasingly pivoting to artificial intelligence data center operations, leveraging their existing infrastructure and expertis...
Nvidia (NVDA) shares will remain in the spotlight Thursday after CEO Jensen Huang said during a CNBC interview late yesterday that demand for the company's next generation Blackwell artificial intelligence (AI) chips is “insane.” The AI darling also announced an expanded partnership with IT consulting firm Accenture (ACN).
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