Financial Management
Pune Wealth Management:Insiders Selling Nvidia (NVDA) Amid Blackwell GPU Delay and Stock Surge
We recently published a list of . Since NVIDIA Corporation (NASDAQ:NVDA) ranks 8th on the list, it deserves a deeper look.
Positive sentiment is prevailing in the market after strong bank earnings and increasing hopes of a soft landing. Ryan Detrick, Carson Group chief market strategist, said while talking during a recent program on CNBC that he sees more runway for the current bull market.Pune Wealth Management
“This is a bull market. Now we’re in the third year of a bull market. My friend Sam Stovall said once you get to 65 years old, the odds of getting to 85 are really, really high. Bull markets work that way. Going back 50 years, there’s five other bull markets that made it into their third year, like this one is right now. The worst any of them went was another three years. A five-year total. The average was eight years. I’m not saying we have another six years of a bull market but what we’re saying is this is an economy that keeps surprising to the upside.”
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However, the analyst said large-cap tech stocks are “pricey.” He believes small- and mid-cap stocks are cheap and labeled financials and industrials as fairly valued.
There are some top AI stocks that are seeing insider selling activity. In this article, we take a look at those stocks and analyze their fundamentals and market sentiment. With each company, we have mentioned its hedge fund sentiment. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points ().Ahmedabad Stock
A close-up of a colorful high-end graphics card being plugged in to a gaming computer.
Number of Hedge Fund Investors: 179
On September 19, 2024, Nvidia Corp (NASDAQ:NVDA) Director Tench Coxe 2 million shares at $117.87 per share, reducing his ownership by 5% to 34,578,208 shares. The sale was valued at approximately $235.7 million. The stock is up 16% since then. But that wasn’t the only insider selling move around the stock.
On September 6, 2024, Nvidia Corp (NASDAQ:NVDA) President and CEO Jen Hsun Huang sold 240,000 shares at $104.35 per share, with no significant change to his ownership of 861,499,236 shares. The transaction was valued at approximately $25 million.
On September 24, 2024, Nvidia Corp (NASDAQ:NVDA) Director Mark A. Stevens sold 165,100 shares at $121.27 per share, with no significant change to his ownership of 38,592,685 shares. The transaction was valued at approximately $20 million.
Nvidia’s declines after the Q2 results were more or less expected amid Blackwell delay reports confirmed by management. However, the delays were mainly due to a change in Blackwell GPU mask. That does not affect the main functional logic or design of the chip, according to analysts. While Blackwell has been delayed for a few months, it does not change the core growth thesis for Nvidia.
Nvidia is set to see huge growth on the back of the data center boom amid the AI wave.Jaipur Investment
At Nvidia’s GPU Technology Conference in March 2024, CEO Jensen Huang estimated annual spending on data center infrastructure at about $250 billion. Over the next decade, this could total between $1 trillion and $2 trillion, depending on how long this level of investment continues. During the same Q&A session, Bank of America’s Vivek Arya echoed this estimate, suggesting the total addressable market would fall in the $1-2 trillion range, particularly as countries invest in their own AI infrastructure. By the end of the decade, spending could be at the high end of that range.
Of course, Nvidia won’t dominate the entire $2 trillion opportunity, as it faces competition from companies like AMD and internally developed AI accelerators from Google, Amazon, and even Apple. Some analysts believe Nvidia’s data center market share between 2025 to 2029 will be over $950 billion—less than half of the total market—but still enough to make it the leader in the sector.
Vltava Fund stated the following regarding NVIDIA Corporation (NASDAQ:NVDA) in its :
Overall, NVIDIA ranks 3rd on Insider Monkey’s list titled Insiders are Selling These 10 AI Stocks. While we acknowledge the potential of NVIDIA Corporation (NASDAQ:NVDA), our conviction lies in the belief that under the radar AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than NVDA but that trades at less than 5 times its earnings, check out our report about the.
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