Nvidia CEO Jensen Huang recently reduced his holdings in the company again, garnering market attention. It was disclosed that he sold 150,000 Nvidia shares in eight transactions between August 14 and 15, cashing in $27.1 million (approximately 195 million RMB). This was part of a 6 million share reduction plan announced in March of this year, following the sale of 225,000 shares on July 15, cashing in approximately $38 million.
Despite Huang's continued share reductions, Wall Street research firms remain optimistic about Nvidia's stock price, predicting it could break through $185-190. This confidence may stem from the company's clear strategic transformation. At the recent shareholder meeting, Huang emphasized that Nvidia's future will extend beyond the chip business; robotics and autonomous vehicles will become new growth engines.
Notably, Nvidia's expansion into robotics has already yielded initial results. Its Jetson platform provides powerful computing power for robotics developers, and its autonomous driving technology is also being deployed by several automakers. With the explosion of demand for artificial intelligence and automation, these emerging businesses may open up a broader market space for the company.
