Nvidia stock jumped on Wednesday after bouncing and taking break after a sharp sell-off. So, is the stock a buy?
(Bloomberg) -- Nvidia Corp. Chief Executive Officer Jensen Huang unloaded shares worth nearly $169 million in June, the most he’s netted in a single month, as insatiable demand for the chips used to power artificial intelligence drove the stock to fresh peaks.Most Read from BloombergUS Allies Say China Is Developing Attack Drones for RussiaChina Can End Russia’s War in Ukraine With One Phone Call, Finland SaysBiden Struggles to Contain Pressure to Abandon Reelection BidHouse Democrats Consider D
Nvidia stock reversed course Wednesday, heading into the green in late morning trading after starting the day in the red. Nvidia shares were rising 2.6% to $125.78. Nvidia shares have risen 154% this year through Tuesday’s close.