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Nvidia CEO Tops Buffett in Billionaire Index After Cashing Out Stock
July 11 - Nvidia (NASDAQ:NVDA) Chief Executive Jensen Huang offloaded approximately $36.4 million worth of company stock this week as part of a pre-set trading plan initiated in March, according to a recent filing with the U.S. Securities and Exchange Commission. The transaction involved the sale of 225,000 shares and follows an earlier sale in June valued at around $15 million. Huang's trading plan permits him to sell up to six million shares by year-end. Warning! GuruFocus has detected 4 Warning Signs with NVDA. Despite the sales, investor confidence in Nvidia appeared intact, with the stock rising about 1% in early Friday trading. Nvidia remains a key player in the AI chip market, which continues to see strong demand for its GPUs powering next-gen models. Huang's fortune has climbed significantly this year. Bloomberg data shows his net worth has surged by more than $29 billion in 2025, reaching $143 billion, putting him in close range of Berkshire Hathaway (NYSE:BRK.B) Chair Warren Buffett (Trades, Portfolio). Forbes estimates released Friday indicate Huang's wealth briefly overtook Buffett's, topping $145 billion compared to Buffett's $142 billion. The sales appear to be part of regular planning, with Nvidia's momentum and Huang's rising profile continuing to attract investor attention. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29 minutes ago
- Yahoo
Bitcoin Blasts Past $118K as Wall Street and Washington Fuel the Fire
Bitcoin (BTC-USD) just smashed through the $118,000 barrier, hitting a new all-time high and reigniting investor interest across the crypto and tech complex. The timing? Spot on. Nvidia (NASDAQ:NVDA) just crossed a $4 trillion valuation, the Nasdaq notched a fresh record, and the S&P 500 isn't far behind. This surge reinforces what many in the market have long suspected: Bitcoin is behaving more like a high-beta tech stock than a standalone alternative asset. Historically, Bitcoin has remained highly correlated with tech stocks, noted Nic Puckrin, founder of Coin Bureau, and the current rally seems to be another case in point. So far in 2025, Bitcoin is up roughly 21%, helped by pro-crypto policies from the Trump administrationmost notably, a proposed federal bitcoin reserve and broader digital asset backing. Institutional appetite appears to be doing some heavy lifting. According to Dilin Wu, strategist at Pepperstone, sustained inflows from institutions have underpinned this latest breakout. Meanwhile, corporates aren't sitting still. Strategy (NASDAQ:MSTR) and GameStop (NYSE:GME) continue to add bitcoin to their balance sheets, and this week Trump Media & Technology Group (NASDAQ:DJT) filed to launch a Crypto Blue Chip ETF that could allocate as much as 70% to bitcoin. Bitcoin has also been unusually stable over the past two monthstrading within a narrow $10,000 rangesuggesting that the market may be maturing or at least attracting more disciplined capital. The next major catalyst may come from Washington. Congress kicks off its long-anticipated Crypto Week on July 14, where lawmakers will debate a stack of bills that could reshape the industry's regulatory environment. One of them, the GENIUS Act, would establish a federal framework for stablecoins. A more defined rulebook could be just what large institutions need to scale their exposure. Circle (NYSE:CRCL), issuer of the USDC stablecoin, is already seeing a bumpits shares are up 500% since debuting on June 5, with another 2% gain Thursday. Meanwhile, trading platforms like Robinhood (NASDAQ:HOOD) and Coinbase (NASDAQ:COIN) also moved higher, riding the wave of optimism that regulation could finally bring the kind of clarityand capitalthe crypto space has long been waiting for. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29 minutes ago
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Trump to make major Russia address Monday
Friday, President Donald Trump dialed into NBC to say he's cooking up a major statement on Russia for Monday. He didn't hold back on Putin's recent missile and drone strikes on Kyiv and said he's ready to unleash Senator Lindsey Graham's tough new sanctions bill whenever he sees fit. He also let slip a neat little trick: the U.S. will send weapons to NATO, NATO will pick up the tab, and then funnel those arms straight to Ukraine. It keeps Washington from footing the entire bill directly but still gets critical gearair-defense systems, artillery shells and the likeinto Ukrainian hands faster. All of this comes on the heels of Marco Rubio sitting down with Russia's Sergei Lavrov at the ASEAN summit. With tensions rising on the ground, Monday's announcement could reshape how the U.S. and its allies back Kyiv going forward. That's likely to be a jolt or potentially positive move for the stock market, that's been mostly choppy this year. However, of late, the investor enthusiam has recovered, with S&P 500 racking up record highs. This article first appeared on GuruFocus.
