NVIDIA executives cash out over $1 billion in stock

ChainCatcher news, according to the Financial Times, insiders at Nvidia (NVDA.O) have sold over $1 billion in company stock in the past 12 months. As executives cash in on the AI investment boom, trading volume has surged recently. More than $500 million in stock was sold this month, coinciding with the California chip design company's stock price reaching an all-time high. Previously, investors had heavily increased their holdings in Nvidia stock, betting on a surge in demand for AI chips, making it the most valuable company in the world.

Before this stock price increase, Nvidia experienced a tumultuous year: trade tensions and breakthroughs in AI by other countries had threatened its product demand. CEO Jensen Huang initiated his first stock sale since September of last year this week. Nvidia stated that all of Huang's sales actions followed a pre-established trading plan set in March, which had predetermined the prices and dates that triggered the sales. Huang still holds the vast majority of his Nvidia shares. VerityData's Vice President of Research, Ben Silverman, commented, "When the stock price fell in the first quarter, he (Huang) did not sell, which was very wise. He waited for the stock price to rebound to a more ideal selling price."