Overview

• Nvidia reported a 69% year-over-year revenue increase in May, driven by a 73% surge in its data center business.
• Shares climbed above $153, pushing Nvidia’s valuation to $3.75 trillion and overtaking Microsoft as the world’s most valuable company.
• CEO Jensen Huang sold 100,000 shares worth about $14.4 million under a Rule 10b5-1 plan that allows the disposal of up to 6 million shares by year-end.
• Loop Capital raised its price target on Nvidia stock to $250, forecasting a potential $6 trillion market cap fueled by sustained AI chip demand.
• U.S. export restrictions on Nvidia’s H20 chips to China cost an estimated $8 billion in revenue but have not dampened investor confidence.