A sign in front of the Nvidia headquarters in Santa Clara, Calif. Justin Sullivan/Getty Images
While many investors took Nvidia’s Nov. 19 announcement of record earnings as validation that the “AI trade” was not simply a bubble waiting to pop but rather grounded in legitimate profitability potential, some insiders continued to sell the company’s shares.
The company reported that it generated $57 billion in revenue in the third quarter, an increase of 62 percent from the third quarter of 2024. The end-of-day announcement, which exceeded many expectations, sparked a brief rally in the company’s shares at the opening on the following morning, but they quickly fell back into the red, falling more than 3 percent in a day and taking market indexes down with them.
