AI sets Nvidia share price for end of 2024 as billionaires dump NVDA

As Nvidia (NASDAQ: NVDA) stock builds momentum after weeks of high volatility, it has emerged that billionaire investors are increasingly dumping the equity at a significant rate.Notably, the offloading of NVDA has coincided with a period during which the stock rallied significantly, mainly boosted by the chipmaker’s bet on the artificial intelligence (AI) space.By the close of markets on August 15, NVDA was trading at $122, having gained over 4% on the daily chart. On the weekly timeframe, the stock reboun ...