Nvidia CEO Jensen Huang Curbed Stock Sales When Shares Slipped



Nvidia


inventory tumbled in 2022, and as shares of the chip maker slid into the crimson early within the 12 months, CEO Jensen Huang stopped promoting.

Nvidia inventory (ticker: NVDA) misplaced half its market worth in 2022. In mid-February, Nvidia reported a strong fiscal fourth quarter. “We’re seeing distinctive demand for Nvidia computing platforms,” Huang stated in an announcement on the time. Per week later, Russia invaded Ukraine, an occasion that complicated chip making as a result of key uncooked supplies are concentrated within the two nations. Nvidia’s subsequent quarterly reviews mirrored the effects of the conflict, Covd-19 manufacturing shutdowns in China, and falling demand.

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