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Articles
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1 day ago |
gurufocus.com | Faizan Farooque
Nvidia (NVDA, Financials) director Mark Stevens sold more than 1 million shares this week, bringing in nearly $150 million from two transactions on Monday and Tuesday, according to a Securities and Exchange Commission filing. Those sales are part of a broader plan disclosed Monday to sell up to 4 million Nvidia shares—worth about $550 million at the time—under a proposed 10b5-1 program.
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2 days ago |
gurufocus.com | Faizan Farooque
Nvidia (NVDA, Financials) reclaimed its position as the world's most valuable publicly traded company on Tuesday, overtaking Microsoft (MSFT, Financials) after its shares climbed 3% to $141.40. The gain lifted Nvidia's market capitalization to $3.45 trillion, narrowly edging past Microsoft's $3.44 trillion. The last time Nvidia held the top spot was on Jan. 24, and it has rotated frequently with Microsoft and Apple over the past year.
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2 days ago |
gurufocus.com | Faizan Farooque
OpenAI said Wednesday it now has more than 3 million paying business customers using its workplace offerings, up from 2 million in February. The figure includes ChatGPT Enterprise, Team, and Edu clients, according to the company. OpenAI's workplace-focused products have seen rapid adoption alongside rising usage of its consumer chatbot, with 400 million weekly active users reported earlier this year.
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2 days ago |
gurufocus.com | Faizan Farooque
Nissan (NSANY, Financials) is launching a sweeping restructuring plan to address years of declining sales and chronic overcapacity, according to new CEO Ivan Espinosa. In an interview with CNBC on Wednesday, Espinosa said the company's near-term focus is internal: “We are convinced that the plan is enough and robust,” he said, pointing to a multi-year effort that includes deep cost reductions and operational resizing.
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2 days ago |
gurufocus.com | Faizan Farooque
Tesla (TSLA, Financials) reported a major rebound in May sales in Australia, where deliveries jumped to 3,897 vehicles—up over 675% from April and the highest monthly total in nearly a year. The surge was driven almost entirely by demand for the company's recently updated Model Y SUV, according to the Australian Electric Vehicle Council. Year-over-year, Tesla's Australian sales rose just 9.3%, but the rebound followed a steep slump in April, when the company sold only 500 units.
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