NVIDIA To Resume China Chip Sales
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Nvidia CEO Jensen Huang sold 225,000 shares worth about $37 million as part of a prearranged trading plan, according to CNBC. Since starting stock sales this year, Huang has sold 1.2 million shares for around $190 million.
NVIDIA Corporation (NASDAQ:NVDA) is one of the AI Stocks Gaining Attention on Wall Street. On July 15, Bernstein maintained its “Outperform” rating on the stock with a $185 price target.
Taiwan Semiconductor Manufacturing Co., the contract manufacturer for companies including Nvidia and Apple, on Thursday said its profit surged in the second quarter due to artificial-intelligence demand.