Credited from: CHANNELNEWSASIA
Nvidia insiders have sold over $1 billion in company stock over the past year, with a significant increase in recent activity amid surging investor interest in artificial intelligence. Reports indicate that more than $500 million of these sales occurred just this month, coinciding with Nvidia's stock reaching an all-time high. Jensen Huang, the CEO, began selling shares for the first time since September, as noted in the recent Financial Times report, which was also covered by Channel News Asia and Reuters.
Nvidia's stock surge reflects a broader market return to the "AI trade" that has driven substantial gains in chip stocks and related technology companies in recent years. The chipmaker's rebounds, particularly following a closing low on April 4, indicate strong market recovery amid optimistic projections about trade deals alleviating tariffs. The company's impressive recovery and recent performance helped solidify its status as the world's most valuable company, as documented by India Times, Channel News Asia, and Reuters.
During this stock selling phase, it has been reported that Huang's sales were executed under a pre-arranged trading plan established back in March. This plan is designed to mitigate any potential allegations of insider trading by defining clear rules for share sales. Additionally, several other Nvidia executives participated in this stock sell-off, including Mark Stevens and Jay Puri, contributing to an overarching trend of executives realizing profits as stock prices soar, highlighting the momentum surrounding the AI sector, as cited by Channel News Asia, Reuters, and India Times.