Key Takeaways
Nvidia CEO Jensen Huang has completed a planned sale of shares in the company valued at more than $700 million, according to a filing.
The CEO still owns 75.3 million Nvidia shares directly, plus another 786 million through various trusts and partnerships.
Shares in the chipmaker jumped about 4% on Tuesday, more than doubling in value since the start of the year, amid surging demand for artificial intelligence infrastructure.
NVIDIA (NVDA) CEO Jensen Huang has completed a planned sale of shares in the company worth more than $700 million, according to a regulatory filing on Tuesday.
Huang had previously announced his intention to sell up to 6 million shares of Nvidia stock by the first quarter of 2025 under Securities and Exchange Commission rule 10b5-1, which allows insiders to set up trading plans to sell stock. He hit that limit a few months before the deadline, selling 120,000 shares for nearly $14.3 million, according to an SEC filing.
The CEO still owns 75.4 million shares of Nvidia stock directly, and another 786 million shares through various trusts and partnerships, according to a separate filing.
Nvidia shares rose nearly 4% to close at $120.87 on Tuesday, having more than doubled this year amid surging demand for the company’s artificial intelligence-enabled chips.
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