Corporate Insiders are Dumping These 5 Tech Stocks

1. NVIDIA Corp (NASDAQ:NVDA)

Number of Hedge Fund Investors: 173

NVIDIA Corp (NASDAQ:NVDA) continues to see huge demand for its GPUs. NVIDIA Corp (NASDAQ:NVDA) recently revealed what it called the most powerful AI chip in the world. NVIDIA Corp’s (NASDAQ:NVDA) Blackwell B200 GPU and GB200 “superchip” would cost at least $30,000. NVIDIA Corp (NASDAQ:NVDA) earlier this month saw an important insider selling transaction when one of its board directors, Tench Coxe, sold 200,000 shares of NVIDIA Corp (NASDAQ:NVDA) at $850.10 per share on March 5. Since then through March 22 the stock has gained about 6.36%.

Orbis Global Equity Strategy stated the following regarding NVIDIA Corporation (NASDAQ:NVDA) in its fourth quarter 2023 investor letter:

“Never before has following the crowd made so much money. Nor, in our estimation, so little sense. But just look at the opportunities the crowd has left for those of us willing to take a different view. We could wax lyrical about the glaring difference in value between Korean banks priced at 4 times earnings, versus Apple at 28 times, despite diverging fundamentals—Apple is increasingly at risk of bans in China, while Korean banks could double their dividends.

Or how the thick margin of safety at Intel, backed by listed stakes and real saleable assets, compares to the slim margin for error at NVIDIA Corporation (NASDAQ:NVDA), trading at 13 times next year’s projected revenue. That revenue that could be competed away over time, while Intel’s semiconductor “fabs” in the US are increasingly valuable as the east and the west drift further apart.

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