Nvidia (NVDA) CEO Jensen Huang Reaches Warren Buffett in Net Worth
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As a result, the Nvidia chief has been working to diversify some of his wealth. Indeed, between July 8 and July 10, he sold roughly $36.4 million worth of Nvidia stock after selling $35.55 million worth of stock earlier in the week. These sales are part of a plan that he set up in March to sell up to 6 million shares by the end of the year. Interestingly, last year, he sold $700 million through a similar pre-planned agreement. Meanwhile, Brooke Seawell, a board member since 1997, also sold about $24 million worth of Nvidia stock.
Still, even with these large sales, Nvidia shares are up on Friday, as the company breaks records. In fact, Nvidia became the first company to reach a $4 trillion market cap earlier this week, beating out Microsoft (MSFT) and Apple (AAPL), and stayed above that level on Thursday. It is also worth noting that Huang still owns over 858 million shares through a mix of direct ownership, trusts, and partnerships, thereby remaining deeply tied to Nvidia's future.
What Is a Good Price for NVDA?
Turning to Wall Street, analysts have a Strong Buy consensus rating on NVDA stock based on 37 Buys, four Holds, and one Sell assigned in the past three months, as indicated by the graphic below. Furthermore, the average NVDA price target of $176.29 per share implies 6% upside potential.
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