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Nvidia Insiders has sold over $1 billion in shares in the company over the past 12 months.
Over $500 million in stock sales this month as the California-based Chips designer stock rose to record highs.
Investors are back in stocks and bet on the huge demand for chips to power AI applications, making them the most valuable company in the world. The price rise comes after a year of turbulence where Nvidia was knocked by the breakthrough of Chinese AI that threatened US-China trade tensions and demand for its products.
Nvidia’s CEO Jensen Huang has begun selling shares for the first time since September.
Nvidia said all Huang sales were part of a pre-placed trading plan agreed in March, setting prices and dates for which the sales were triggered. Huang still holds most of Nvidia’s stake.
“When the stock was removed in the first quarter, he didn’t sell, but it was really smart,” said Ben Silverman, Vice President of Research at VerityData.
“We were waiting for (huang) stock to return to a level where it was selling more comfortably,” Silverman added.
VerityData, which tracks insider sales based on regulatory filings, said in the report that Nvidia’s stock rise appears to have caused Huang’s sales, which is more than $150.
Huang began selling shortly after the mandatory 90-day cooling-off period due to the expiration of its sales plan. Directors and senior executives often agree to these plans to avoid claims for insider trading.
Under the plan, Huang could sell 6 million shares by the end of the year. At current stock prices, Huang is getting on track and making more than $900 million.
Huang’s net worth is estimated at $138 billion, according to Forbes.
Nvidia’s market capitalization has quadrupled to 3.8tn over several years of space as businesses and nations poured billions of dollars into the infrastructure behind AI.
Many other Nvidia figures also enjoy the flow from the company’s growth.
These include longtime board member Mark Stevens, a former managing partner of Sequoia Capital, one of Nvidia’s earliest investors. On June 2, he announced he would sell up to 4 million shares, currently worth $550 million, followed by $288 million.
Jay Puri, vice president of Nvidia’s global field operations, is a two-year veteran of the company that replaced Huang on a trip to China, selling about $25 million worth of stake on Wednesday.
Two other board members, Tench Coxe and Brooke Seawell, moved on to sales, with Coxe gaining roughly $143 million on June 9th and Seawell gaining roughly $48 million this month.
Coxe, former managing director of Sutter Hill Ventures, is another longtime executive who has been with the company since his early days. Huang co-founded the company in 1993 at Denny’s Restaurant in San Jose as a video game graphics card company.
Seawell, who joined the board of directors in 1997, is a partner of the venture company New Enterprise Associates and a former executive of Chip Design Software Company Synopsys.
Nvidia’s stock has rebounded in recent weeks, regaining its market capitalization of around 1.5 tonnes since its lowest point in April. The stock was a hit following a breakthrough from China’s Deepseek and new US export controls of AI chips for China.
