Nvidia’s annual shareholder meeting is scheduled to take place on June 26.
Typically, the annual meeting includes procedures such as voting on the salaries of top executives, including the CEO. Previously, Nvidia’s annual shareholder meeting was an event that barely garnered Wall Street’s interest.
However, Nvidia has emerged as a leading U.S. company, surpassing a market cap of $3 trillion. Consequently, the annual meeting is expected to draw market attention.
Especially as Nvidia’s stock price has been volatile, with three consecutive days of sharp declines, it is expected that Nvidia CEO Jensen Huang may share his thoughts on this.
After reaching an all-time high on June 18 and becoming the company that had the highest market cap, Nvidia experienced a sharp decline for three consecutive trading days due to a mass sell-off for profit-taking, plummeting by 13%. However, on June 25, it closed at $126.09, a sharp increase of 6.76%. This marks a successful rebound, breaking the three-day declining trend.
The stock price has been fluctuating daily.
In light of this, it is expected that Huang may say something to stabilize the market.
The investment specialist publication Investopedia predicted that while Nvidia may not make a groundbreaking announcement, this annual meeting could be an opportunity for the company’s leaders to showcase Nvidia’s long-term growth prospects in the AI boom.
The stock price could, therefore, surge as a result.
Nvidia’s annual meeting will begin at 9 AM. The U.S. stock market opens at 9:30 AM, a time frame that allows the meeting’s progress to be reflected in the market in real-time.