Nvidia insiders have reportedly sold more than $1 billion worth of company stock in the past year, with a significant increase in recent trading activity as executives take advantage of the growing interest in artificial intelligence, as reported by the Financial Times.
The share sales exceeded $500 million this month alone, coinciding with a surge in Nvidia’s share price to an all-time high. Jensen Huang, the CEO of Nvidia, began selling shares this month for the first time since September, according to a regulatory filing.
Nvidia’s stock reached a record high last Wednesday, reclaiming the title of the world’s most valuable company after an analyst predicted that the chipmaker would ride a “Golden Wave” of artificial intelligence. This surge in stock price reflects the renewed interest in the “AI trade” in the U.S. stock market, which has propelled gains in chip stocks and related technology companies.
While Nvidia did not comment on the report by the Financial Times, Reuters was unable to verify the information independently. The company’s shares have bounced back by more than 60% since hitting a low on April 4, which was attributed to President Trump’s tariff announcements causing turmoil on Wall Street. The recent recovery in U.S. stocks, including Nvidia, is driven by expectations of trade deals to alleviate the impact of tariffs imposed by the White House.
Overall, Nvidia’s executives cashing out on company stock amidst a bullish market for artificial intelligence reflects the growing interest and investment in the technology sector. The company continues to be a key player in the development and advancement of AI technologies, which has contributed to its strong performance in the stock market.
