According to an in-depth report by Odaily Planet Daily, NVIDIA's CEO Huang Renxun carried out a striking stock reduction operation in June 2024, involving an amount of nearly US$169 million. This figure not only broke his personal record for stock reduction in a single month, but also attracted widespread attention from the market.
The reduction in holdings took place at a time when Nvidia's stock price hit record highs due to the surge in demand for artificial intelligence (AI) chips. With the rapid development and widespread application of AI technology around the world, the demand for high-performance computing chips has increased dramatically. As a leading company in this field, Nvidia's products are favored by the market, and its stock price has continued to rise.
Although Huang Renxun's share reduction behavior has caused market speculation and discussion to a certain extent, it has not stopped the upward momentum of Nvidia's stock price. According to reports, Nvidia has performed well in many trading days in June, and its stock price has repeatedly set new historical highs. In particular, on June 5, Nvidia's stock price rose by 5%, and its market value exceeded the 3 trillion US dollar mark for the first time, successfully surpassing Apple and becoming the second most valuable company in the world. On June 18, Nvidia further consolidated its leading position, with a market value of 3.34 trillion US dollars, surpassing Microsoft and topping the global market value list.
It is worth noting that Huang Renxun's share reduction is not an isolated incident. According to the U.S. Securities and Exchange Commission (SEC) documents, this is the first time this year that Huang Renxun has sold such a large number of shares in a single month, totaling about 1.3 million shares. This series of transactions was carried out in accordance with the "10b5-1 Rule Trading Plan" he formulated as early as March this year, which aims to ensure the compliance and transparency of the transactions.
At the same time, other Nvidia executives have also joined the ranks of reducing their holdings. Executive Vice President Deborah Shoquist, Chief Financial Officer Colette Kress and others have recently reduced their holdings to varying degrees. According to data from Washington Service, since Nvidia announced its first-quarter results on May 22, more than a third of insiders have chosen to reduce their holdings, a rate that has hit a multi-year high.
Although the reduction of holdings by senior executives may have a certain impact on market sentiment, Nvidia's fundamentals remain strong. According to the company's financial report, revenue in the first quarter was $26 billion, an increase of 18% from the previous quarter and a year-on-year increase of 262%. In terms of net profit, Nvidia achieved a net profit of $14.88 billion, a year-on-year increase of 628%. These data fully demonstrate Nvidia's leading position in the AI chip market and its strong profitability.
Looking ahead, Nvidia is optimistic about its second-quarter revenue, which is expected to reach $28 billion, exceeding market expectations. With the continuous development of global AI technology and the continuous expansion of its application areas, Nvidia is expected to continue to maintain its market leadership and provide strong support for the further rise of the company's stock price.
In summary, although Huang Renxun's large-scale share reduction in June attracted market attention, it did not change the trend of Nvidia's stock price continuing to rise. With the continuous expansion of the global AI market and the continuous improvement of Nvidia's own strength, the company is expected to continue to create more brilliant performance in the future. #股票