Nvidia Director Sells $24 Million in Shares Amid AI Boom
Warning! GuruFocus has detected 4 Warning Signs with NVDA.
According to filings, Seawell sold a total of 103,673 shares at prices ranging from $158.48 to $164.39; the sales came as Nvidia hovered close to its 52-week high of $164.50; and while some investors may see insider selling as a red flag, context mattersthis was part of a planned transaction.
The shares belonged to The Rosemary and A. Brooke Seawell Revocable Trust; even after the sales, Seawell still directly owns 10,387 shares and indirectly controls 4,326,382 shares of Nvidiahardly a vote of no-confidence.
Meanwhile, Nvidia continues to dominate headlines; Mizuho analysts say future sales in China could offer a fresh revenue jolt; Goldman Sachs just initiated coverage with a Buy rating and a price target of $185; and yes, President Trump's renewed calls for Fed rate cuts cite the tech stock boomNvidia includedas a key backdrop.
Bottom line: Nvidia remains a titan in accelerated computing; and while Seawell's sale is sizable, it's strategicnot sentimental.
This article first appeared on GuruFocus.
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