Overview
- Jensen Huang finished the latest tranche of a pre‑planned Rule 10b5‑1 program, selling more than $1 billion of stock since June and a final 25,000 shares on Friday, while retaining roughly a 3.5% stake.
- Nvidia disclosed visibility into about $500 billion of cumulative Blackwell and Rubin bookings through 2026, with Cantor Fitzgerald reiterating an Overweight rating and noting the shares trade near 21 times projected 2026 EPS.
- A U.S. export‑license framework requires Nvidia to remit 15% of revenue from eligible AI chip sales to China to the U.S. government, adding margin uncertainty even as licenses reopen access to that market.
- Huang says Nvidia is now in volume production of its most advanced AI chips in Arizona through a U.S. manufacturing effort with partners including TSMC.
- Competition is building as Qualcomm announced AI200 accelerators expected in 2026 and AI250 in 2027 for data‑center inference, with its CEO saying the market will become highly competitive very soon.