The filing also noted that earlier on December 11, 2024, 68,620 shares were withheld by NVIDIA to satisfy tax obligations related to the vesting of restricted stock units. Get access to NVIDIA’s comprehensive Pro Research Report and 20+ additional exclusive ProTips by subscribing to InvestingPro. Get access to NVIDIA’s comprehensive Pro Research Report and 20+ additional exclusive ProTips by subscribing to InvestingPro.
The filing also noted that earlier on December 11, 2024, 68,620 shares were withheld by NVIDIA to satisfy tax obligations related to the vesting of restricted stock units. Get access to NVIDIA’s comprehensive Pro Research Report and 20+ additional exclusive ProTips by subscribing to InvestingPro.
The filing also noted that earlier on December 11, 2024, 68,620 shares were withheld by NVIDIA to satisfy tax obligations related to the vesting of restricted stock units.
In other recent news, Broadcom (NASDAQ:AVGO) reported a 220% annual increase in AI revenue, primarily driven by the demand for processors and networking components. This positive financial performance has bolstered investor sentiment in the broader semiconductor sector. Analysts from Morgan Stanley (NYSE:MS) and Raymond (NS:RYMD) James have taken note of the robust results, adjusting their price targets and expressing cautious optimism for the future.
Nvidia Corp . (NASDAQ:NVDA) has refuted rumors of reducing its supply to the Chinese market, reinforcing its commitment to this important market and prioritizing customer needs. Meanwhile, Mizuho (NYSE:MFG) has suggested an upward trajectory for Nvidia’s stock, anticipating a bullish outlook in investor meetings.
The Magnificent Seven, a group of leading technology companies, has seen a surge in collective valuation, surpassing $18 trillion. Nigel Green, CEO of deVere Group, has expressed confidence that these companies will maintain their market dominance into 2025, with AI being a central pillar of this bullish outlook.
Nvidia is also set to face a lawsuit alleging the company misled investors about its reliance on crypto-mining sales, following the US Supreme Court’s decision not to hear Nvidia’s appeal. At the same time, Nvidia, along with AMD (NASDAQ:AMD) and Intel (NASDAQ:INTC), has invested in Ayar Labs, a firm specializing in optical data transfer technology. These are the latest developments in the evolving landscape of the semiconductor industry.
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