Jensen Huang Sells Over $1 Billion in Nvidia Stock Amid Soaring AI Demand
Nvidia Corp CEO Jensen Huang has completed a major pre-planned stock sale worth over $1 billion, finalizing the liquidation with a 25,000-share sale on Friday. The sales, initiated in June under a plan adopted in March, involved up to six million shares and were initially valued at $865 million. However, Nvidia’s meteoric rise—fueled by record-breaking demand for AI processors—pushed the total value well past $1 billion as the company’s stock surged more than 40%.
The California-based chip giant reached a staggering $5 trillion market valuation this week, becoming the first company to achieve the milestone just months after crossing the $4 trillion mark. The AI boom has also minted multiple new billionaires from Nvidia’s leadership circle, including board member Brooke Seawell. Huang, 62, now ranks ninth on the Bloomberg Billionaires Index with a $175.7 billion fortune, having gained $61.3 billion this year alone. Despite his latest sales, he still holds a 3.5% stake in the company and has donated over $300 million worth of shares in 2024.
Nvidia insiders, including Huang, sold nearly $1.5 billion in company stock through the third quarter, marking a significant rise from $462 million in 2023. Other major insider sellers include Arista Networks CEO Jayshree Ullal, who sold $861 million worth of shares, ranking just behind Amazon’s Jeff Bezos among top corporate stock sellers. With Nvidia’s continued dominance in the AI sector, the company remains at the center of global wealth creation, boasting seven billionaires among its key executives and board members.
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