One of the best-performing stocks of the year is Nvidia, a semiconductor company seeing strong interest in its artificial intelligence capabilities. While shares have soared, several insiders are cashing out.
What Happened: Nvidia reported first-quarter financial results on May 24 that came in above analysts’ expectations. The company also provided guidance that came in well ahead of what analysts were forecasting for the next quarter and full fiscal year.
The strong results led to Nvidia shares surging and the company becoming the newest member of the $ 1 trillion market capitalization club.
While shares have continued to soar to new highs, several insiders have decided to take advantage and sell shares.
What Happened: Nvidia reported first-quarter financial results on May 24 that came in above analysts’ expectations. The company also provided guidance that came in well ahead of what analysts were forecasting for the next quarter and full fiscal year.
The strong results led to Nvidia shares surging and the company becoming the newest member of the $ 1 trillion market capitalization club.
While shares have continued to soar to new highs, several insiders have decided to take advantage and sell shares.
Category
🗞
News