Nvidia’s stock climbed by 4%, with an intra-day peak of 5%, following reports that CEO Jensen Huang has completed planned stock sales amounting to a staggering $713 million. The sales were part of a prearranged 10b5-1 trading plan adopted in March, allowing Huang to sell up to 6 million shares. Despite this, Huang remains Nvidia's largest shareholder, holding over 75 million shares, in addition to assets in various trusts and partnerships worth an estimated 785 million.
Nvidia, which has seen its stock skyrocket 150% year-to-date, is at the forefront of the AI revolution, with its semiconductor technology being essential to the industry. Major tech giants like Microsoft, Meta, Alphabet, and Amazon are among its top customers, contributing to its position as a Wall Street favorite. Huang’s decision to wrap up his stock sales has reassured investors, fueling further confidence in Nvidia’s strong market position amid the AI-driven growth.
Nvidia, which has seen its stock skyrocket 150% year-to-date, is at the forefront of the AI revolution, with its semiconductor technology being essential to the industry. Major tech giants like Microsoft, Meta, Alphabet, and Amazon are among its top customers, contributing to its position as a Wall Street favorite. Huang’s decision to wrap up his stock sales has reassured investors, fueling further confidence in Nvidia’s strong market position amid the AI-driven growth.