Nvidia insiders sell $1 billion in stock amid AI-driven market surge
CALIFORNIA: Nvidia insiders sold more than $1 billion (RM4.22 billlion) worth of company stock in the past year, with a significant portion occurring this month as the chipmaker's shares soared to record highs, the Financial Times reported.
Over $500 million of these sales took place in June alone, coinciding with Nvidia's stock surge driven by investor enthusiasm for artificial intelligence.
Chief Executive Jensen Huang began selling shares this week for the first time since September, according to SEC filings. Nvidia's stock reached an all-time high on Wednesday, briefly making it the world's most valuable company. Analysts attribute the rally to the AI boom, with one describing Nvidia as riding a 'Golden Wave' of artificial intelligence.
The company's rebound follows a 60% recovery from its April low, when markets reacted to global tariff announcements. U.S. stocks, including Nvidia, have since regained momentum amid expectations of trade deal resolutions. Nvidia did not respond to Reuters ' request for comment.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Straits Times
14 hours ago
- New Straits Times
Nvidia insiders sold over US$1bil in stock amid market surge
NEW YORK: Nvidia insiders sold over US$1 billion worth of company stock in the past year, with a notable uptick in recent trading activity as executives capitalize on surging investor interest in artificial intelligence, the Financial Times reported on Sunday. More than US$500 million of the share sales took place this month as the California-based chips designer's share price climbed to an all-time high, the report said. Nvidia's chief executive Jensen Huang started selling shares this week for the first time since September, the SEC filing showed. Nvidia's stock hit a record on Wednesday, and the chipmaker reclaimed the crown as the world's most valuable company after an analyst said the chipmaker was set to ride a "Golden Wave" of artificial intelligence. Its latest gains reflect the US stock market's return to the "AI trade" that fueled massive gains in chip stocks and related technology companies in recent years on optimism about the emerging technology. Nvidia did not immediately respond to a Reuters request for comment. Nvidia's shares have rebounded over 60 per centfrom their closing low on April 4, when Wall Street was reeling from President Donald Trump's global tariff announcements. US stocks, including Nvidia, have recovered on expectations the White House will reach trade deals to soften the tariffs.
The Sun
14 hours ago
- The Sun
Nvidia insiders sell $1 billion in stock amid AI-driven market surge
CALIFORNIA: Nvidia insiders sold more than $1 billion (RM4.22 billlion) worth of company stock in the past year, with a significant portion occurring this month as the chipmaker's shares soared to record highs, the Financial Times reported. Over $500 million of these sales took place in June alone, coinciding with Nvidia's stock surge driven by investor enthusiasm for artificial intelligence. Chief Executive Jensen Huang began selling shares this week for the first time since September, according to SEC filings. Nvidia's stock reached an all-time high on Wednesday, briefly making it the world's most valuable company. Analysts attribute the rally to the AI boom, with one describing Nvidia as riding a 'Golden Wave' of artificial intelligence. The company's rebound follows a 60% recovery from its April low, when markets reacted to global tariff announcements. U.S. stocks, including Nvidia, have since regained momentum amid expectations of trade deal resolutions. Nvidia did not respond to Reuters ' request for comment.
The Star
15 hours ago
- The Star
Nvidia insiders sold over $1 billion in stock amid market surge, FT reports
A smartphone with a displayed NVIDIA logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration (Reuters) -Nvidia insiders sold over $1 billion worth of company stock in the past year, with a notable uptick in recent trading activity as executives capitalize on surging investor interest in artificial intelligence, the Financial Times reported on Sunday. More than $500 million of the share sales took place this month as the California-based chips designer's share price climbed to an all-time high, the report said. Jensen Huang, Nvidia's chief executive, started selling shares this week for the first time since September, the SEC filing showed. Nvidia's stock hit a record on Wednesday, and the chipmaker reclaimed the crown as the world's most valuable company after an analyst said the chipmaker was set to ride a "Golden Wave" of artificial intelligence. Its latest gains reflect the U.S. stock market's return to the "AI trade" that fueled massive gains in chip stocks and related technology companies in recent years on optimism about the emerging technology. Nvidia did not immediately respond to a Reuters request for comment. Nvidia's shares have rebounded over 60% from their closing low on April 4, when Wall Street was reeling from President Donald Trump's global tariff announcements. U.S. stocks, including Nvidia, have recovered on expectations the White House will reach trade deals to soften the tariffs. (Reporting by Devika Nair in Bengaluru; Editing by Kim Coghill)
