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[Bloomberg](https://www.bloomberg.com) and [SEC]
Insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA at $116.80, totaling $525,600, reducing his position by 0.93%. In the last ninety days, insiders have sold 147,147 shares valued at $17.1 million. Analysts maintain a "Moderate Buy" rating for NVIDIA, with a consensus price target of $165.86. BNP Paribas increased its stake in NVIDIA by 1.4%, holding 947,028 shares worth $127.9 million. The stock opened at $131.29, with a market cap of $3.21 trillion and a P/E ratio of 51.67.
Nvidia has denied reports of a planned joint venture in China, labeling them as "baseless" amid ongoing US-China tech tensions. The company faces significant challenges due to US export restrictions on advanced GPUs, which could lead to a projected loss of $15-16 billion in revenue, particularly impacting its substantial market presence in China. Despite these setbacks, Nvidia had anticipated generating $12 billion from H20 AI chips in China for 2024, highlighting the risks and uncertainties in the evolving tech landscape.
Nvidia faces increasing competition from Huawei in the AI chip market, despite U.S. sanctions limiting Huawei's technology access. Huawei's revenue surged to 860 billion yuan in 2024, bolstered by its self-developed HarmonyOS NEXT and improved Ascend chip production, while Nvidia reported $12 billion in sales in China, maintaining its market lead. Nvidia anticipates strong demand for its Blackwell processors, projecting first-quarter revenue of $43 billion, although gross margins are expected to dip temporarily.
The stock market faced significant losses, particularly in big-cap growth stocks, with the Nasdaq and S&P 500 dropping below critical levels. Nvidia's stock fell 6.2% after a strong start to the year, while Tesla and Palantir also experienced declines. Investors are advised to be cautious with new purchases and consider reducing exposure to underperforming stocks as the market remains choppy.
U.S. markets rose after Nvidia's earnings report, with the S&P 500 up 0.53% and the Dow Jones climbing 1.06%. Despite Nvidia's impressive revenue growth, its shares only increased 0.5% due to concerns over slowing growth and conservative sales projections. Bitcoin approached $100,000, fueled by optimism following Trump's election, while the Fed faces pressure amid inflationary policies.
Nvidia's CEO Jensen Huang announced that the company will exceed its previous estimates for Blackwell chip sales, driven by strong demand from major clients like Microsoft and OpenAI. Despite facing supply constraints, Nvidia expects to ship more Blackwell chips each quarter, with revenue projections rising significantly. The company anticipates that Blackwell sales will eventually surpass those of its previous generation Hopper chips, marking a pivotal moment in the AI revolution.
Nvidia reported a 94% revenue increase to $35.1 billion, driven by strong demand for its AI chips, despite earlier production issues with its Blackwell GPU. CEO Jensen Huang confirmed that production is now on track, with significant sales expected from major clients like Microsoft and OpenAI. The company continues to lead the AI market, although analysts caution that profit margins may shrink as it shifts to more expensive chip production.
Colette Kress
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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