Thursday, 15 June 2023

Nvidia board member dumps $48 million more in stock amid monster rally

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Harvey Jones, who has been on the Nvidia NVDA board since 1993, sold nearly 120,000 shares of the company Tuesday at prices between $400 and $408.51, according to a filing with the Securities and Exchange Commission made public Wednesday.

The new technology could add anywhere between $2.6 trillion to $4.2 trillion to the global economy, estimates McKinsey Global Institute in a report released Wednesday. Critically, the firm estimates that A.I. could "automate work activities that absorb 60% to 70% of employees' time today," and in turn grow labor productivity by between 0.2% to 3.3% each year.






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