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Nvidia Insiders Cash Out Over $1 Billion as Shares Hit Record High

CEO Jensen Huang began selling shares this week under an SEC-approved plan that activated after a 90-day cooling-off period.

A smartphone with a displayed NVIDIA logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration
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Overview

  • Under pre-arranged Rule 10b5-1 plans filed in March, Nvidia insiders disposed of over $1 billion in shares in the past year, with more than $500 million sold in June.
  • CEO Jensen Huang executed his first share sale since September, offloading roughly $15 million as part of a plan to sell up to six million shares by year-end.
  • Nvidia’s stock climbed to record levels this month, lifting its market capitalization to about $3.8 trillion and reclaiming its position as the world’s most valuable company.
  • The latest rally reflects renewed investor demand for Nvidia’s AI chips after a mid-year rebound tied to increased spending on artificial intelligence infrastructure.
  • Despite these disposals, Huang retains the majority of his holdings and maintains an estimated net worth of $138 billion.