Nvidia Insiders Offload Stakes as Micron Logs $41.45B Revenue and Nokia Lands $1B AI Pact
NVDA•Prominent Nvidia insiders including Druckenmiller, Thiel and Burry sold or hedged AI-related positions, stoking caution over a potential AI bubble surpassing the dot-com era. Meanwhile, AI memory beneficiary Micron reported $41.45B revenue and $28.2B net income, Nokia jumped 133% after a $1B Nvidia partnership, and SpaceX valuation targets exceed Nvidia.
1. Insider Selling Signals Caution
Prominent Nvidia insiders such as Stanley Druckenmiller, Peter Thiel and Michael Burry have sold or hedged AI-related stakes, diverging from broad market enthusiasm and raising concerns over inflated AI valuations.
2. Micron’s Blowout Quarter
Micron delivered revenue of $41.45 billion, a fourfold year-over-year increase, and net income jumped from $1.88 billion to $28.2 billion, driven by AI-data-center memory shortages and strong demand for DRAM and HBM.
3. Nokia Partnership Expands AI Infrastructure
Nokia’s stock surged 133% after securing a $1 billion AI collaboration with Nvidia to develop AI-enabled 6G networks, leading the company to raise its fiscal guidance for network infrastructure sales growth to 12–14%.
4. SpaceX Valuation Rises
Analyst targets for SpaceX imply a market cap that could surpass Nvidia’s, fueled by Starlink’s customer base increase from nine million to 12 million, highlighting competitive pressures for long-term valuations.
