Nvidia Corp (NASDAQ:NVDA) remained at the forefront of investor attention, with recent accomplishments being its entry into the $ 1 trillion market capitalization club buoyed by the AI frenzy.
JP Morgan analyst Harlan Sur reiterated Overweight on Nvidia Wednesday.
The re-rating reflects multi-quarter visibility in its data center business and strong automotive and gaming trends.
Also, Nvidia Director Harvey C Jones sold 70,205 shares at an average price of $405.00. The insider received around $28.43 million from selling those shares.
Last week, reports suggested Nvidia CEO Jensen Huang could visit Shanghai in June, marking his first visit in four years. Huang expressed immense confidence in China’s ability to catch up in chip technology despite the U.S. embargo at a Taipei event.
Today, NVDA session volume breached the 25 million mark by mid-day versus the average 100-day volume of 48 million.
Price Action: NVDA shares traded lower by 0.44% at $384.92 on the last check Wednesday.
