Nvidia CEO Jensen Huang is selling up to $865M in Nvidia stock amidst the AI boom. Analysts see it as financial planning, not a lack of confidence, as Nvidia's prospects remain strong. Huang still holds a significant stake.
Ahead of the earnings, analysts were optimistic that the chipmaker would beat expectations and raise its outlook as it ramps up production of its Blackwell chips — despite shockwaves from Chinese artificial intelligence startup DeepSeek.
This current uptick in Nvidia stock may be driven by Bain’s annual technology report, released Wednesday, that predicted that the market for AI products could reach as much as almost $1 trillion by 2027.
