Whale Rock Sells Most of Its Nvidia Stake Without Signaling Weakness
Coinbase reported record revenue of $81.6 billion, up 85% year over year, with Data Center revenue rising 92% to $75.2 billion and non-GAAP EPS up 140% to $1.87. Against that backdrop, the sale of most of Nvidia shares by Whale Rock is framed as unlikely to reflect weaker fundamentals, with analyst targets suggesting upside.