The great Nvidia (NASDAQ:NVDA) has had a rather lukewarm year, rising just north of 31% while comfortably topping the Nasdaq 100, which is up close to 20%.
Over the past decade, NVIDIA (NASDAQ: NVDA) stock has returned an impressive $83 Bil to its investors in the form of cash through dividends and buybacks. The payouts are only likely to pick up, as Nvidia retains the pole position in the AI silicon race, generating over $75 billion in operating cash flows over the last 12 months.
Several companies across tech and telecom are seeing millions of dollars in insider selling. However, to what extent should these sales actually worry investors?
Summary: AI giants including Meta, Microsoft, Amazon, and Oracle recently announced a $40 billion deal that will help them secure coveted computing capacity for artificial intelligence.
Shares of Nvidia Corp. (NASDAQ: NVDA) are up 5.7% over the past 90 days, despite recently announced partnerships with Intel and OpenAI and several new products unveiled, as the company's market share in China dropped to zero.
The Magnificent Seven have been the stars of the S&P 500 for the past several years, but the group's period of exceptional earnings growth may be nearing an end.
The rally in Micron NASDAQ: MU has just begun because the hundreds of billions worth of datacenter-related business linked to NVIDIA NASDAQ: NVDA, Advanced Micro Devices NASDAQ: AMD, and Oracle NASDAQ: ORCL has yet to be reflected in its results or guidance.
Nvidia (NASDAQ: NVDA) is somewhat struggling to maintain a firm footing on Tuesday, October 21.
Historically, Nvidia has staged multiple powerful rallies - from riding the cryptocurrency boom to capitalizing on the Covid-era gaming and remote work surge. The stock's latest ascent, fueled by the generative AI revolution that began in 2022 has been the biggest and most transformative wave in the company's history.
Navitas Semiconductor NASDAQ: NVTS has been one of the hottest stocks in the market thanks to its newly established relationship with NVIDIA NASDAQ: NVDA.
Nvidia (NASDAQ:NVDA ) has been continuously delivering higher and higher gains, and its quarterly earnings reports have exceeded earnings expectations longer than any bull would have imagined two years ago.
The chip maker's shares were edging down as more details about its business arrangements with the ChatGPT-developer emerged.