Nvidia insiders have sold over $1 billion in company stock over the past year, with a sharp increase in sales this month, as executives take advantage of the soaring interest in artificial intelligence, according to a report by the Financial Times on Sunday, reports Reuters.
The report revealed that more than $500 million of the stock sales occurred this month, coinciding with a surge in Nvidia's stock price, which recently hit an all-time high.
Nvidia CEO Jensen Huang began selling shares this week for the first time since September, as per a filing with the U.S. Securities and Exchange Commission (SEC). The chipmaker’s stock reached a record high on Wednesday, allowing Nvidia to reclaim its position as the world’s most valuable company. Analysts have predicted that Nvidia will benefit from a “Golden Wave” driven by the AI boom.
The gains in Nvidia’s stock reflect a broader return to the “AI trade” that has been driving large gains in chipmakers and other tech firms tied to artificial intelligence in recent years.
Nvidia declined to comment on the FT report, and Reuters was unable to independently verify the details.
Since a low on April 4, following President Donald Trump's global tariff announcements, Nvidia shares have rebounded more than 60%. Analysts believe the recovery is driven by expectations that the U.S. government will reach trade deals aimed at easing the impact of tariffs.
Bd-pratidin English/ Jisan
