TLDR
- Nvidia CEO Huang Jen Hsun sold 223,000 shares worth $40.2 million between September 25-29 under a pre-arranged trading plan
- Citi analyst Atif Malik raised Nvidia’s price target from previous levels to $210 and maintained a Buy rating
- Barclays set an even higher price target of $240, citing optimistic AI infrastructure spending forecasts exceeding $2 trillion
- Nvidia’s stock trades near its 52-week high of $184.55 with a current market valuation of $4.42 trillion
- The company posted 71.55% revenue growth in the last twelve months
Nvidia CEO Huang Jen Hsun sold $40.2 million worth of company stock across three trading days in late September. The sales occurred on September 25, 26, and 29, according to SEC filings.
Huang sold 223,000 shares total. Prices ranged from $173.847 to $183.546 per share.
The transactions were executed under a Rule 10b5-1 trading plan. This plan was adopted on March 20, 2025.
Following the sales, Huang directly owns 71,233,203 shares of Nvidia common stock. The CEO’s stock sales come at a time when the company’s valuation reached $4.42 trillion.
Nvidia stock currently trades near its 52-week high of $184.55. InvestingPro analysis indicates the stock is trading above its Fair Value.
The company posted 71.55% revenue growth in the last twelve months. This growth comes as demand for AI infrastructure continues to expand.
Analyst Upgrades and Price Targets
Citi analyst Atif Malik maintained his Buy rating on Nvidia. He raised the price target to $210.
Malik pointed to several factors supporting his bullish outlook. The Rubin CPX GPU launch strengthens Nvidia’s competitive position in the market.
The analyst adjusted sales estimates for upcoming quarters. These changes reflect anticipated increases in AI infrastructure spending.
Malik noted that Nvidia management remains confident in their roadmap and execution. The company continues to navigate the ongoing GPU versus ASIC debate.
The strategic investment in OpenAI and support for large-scale infrastructure projects bolster growth prospects. Jefferies also maintained a Buy rating with a $220 price target on September 27.
AI Infrastructure Spending Drives Optimism
Barclays set an even higher price target of $240 for Nvidia. The firm estimates over $2 trillion in AI infrastructure spending.
A substantial portion of this spending will go to compute and networking components. Nvidia stands to benefit from this investment wave.
Mizuho reiterated an Outperform rating with a $205 price target. This came after Nvidia’s $100 billion equity investment in OpenAI.
The OpenAI investment will fund up to 10GW of AI data center capacity. This enhances Nvidia’s capabilities in the AI sector.
The upcoming GTC Washington event could serve as another catalyst for the stock. Malik believes this event could positively impact market perception.
Malik has an average return of 34.6% and a 75.38% success rate on recommended stocks. He covers the Technology sector with a focus on Nvidia, Lam Research, and Apple.
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