Nvidia Insiders Cash In on Rally as Share Sales Top $700 Million

[Picaso]

I'm seeing on social media people actually thinking nvda can trade to 1000-3000 a share in the next 5 yrs...


At 1000 a share it would be almost equivalent to the gdp of America

At 3000 we are looking at a market cap at nearly 2.5 x the size of the US gdp.

These predictions are Ludacris.

Isn't ASML like 40% of the Netherlands' GDP already?

 

[SunTrader]

Isn't ASML like 40% of the Netherlands' GDP already?

And the other 60% weed and red light ladies sales.

 

[Picaso]

And the other 60% weed and red light ladies sales.

Ok, so I was overestimating ASML (it's about 31%, not 40%), but...

 

[murray t turtle]

Nvidia Corp. insiders have sold shares worth more than $700 million this year as the stock continues to push deeper into record territory amid unrelenting demand for its chips.

Executives and directors have unloaded about 770,000 Nvidia shares so far, excluding the effect of the company’s 10-for-1 stock split on June 10 for the sake of comparison. That’s the most in a half year period since the first six months of 2023 when about 848,000 shares were sold, according to data compiled by the Washington Service.

The dollar value of this year’s share sales dwarfs that of previous periods given the stock’s 164% gain in 2024. That run has been propelled by an arms race among companies to boost computing power, driving up demand for so-called AI accelerator chips, a market dominated by Nvidia.

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https://www.bloomberg.com/news/arti...re-sales-top-700-million?srnd=homepage-europe

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$130,98 -20% = $103,80 target price.

%%
ACTUALLY that would be bad money management NEVER to sell any stock;
as if a an excellent trend is a prediction + its not.
Of course if all the insiders are doing elephant trunk sell$ , that's something different LOL, if it results in major sells.
777] Better to sell some @ a good price than low priceLOL