Anabelle Colaco
02 Jul 2025, 09:04 GMT+10
SANTA CLARA, California: Executives at Nvidia have quietly been cashing in on the AI frenzy. According to a report by the Financial Times, insiders at the California-based chipmaker have sold over US$1 billion worth of shares in the past year, with more than half of that offloaded just this month as the company's valuation soared.
The timing coincides with Nvidia's meteoric stock rally, powered by investor excitement over artificial intelligence. As markets returned to the "AI trade" in recent weeks, Nvidia's shares surged to an all-time high and briefly made it the world's most valuable company once again.
Among those selling was CEO Jensen Huang, who began trimming his holdings this week for the first time since September, according to a filing with the U.S. Securities and Exchange Commission.
The FT report noted that over $500 million of the share sales took place in June alone, as the chipmaker's price climbed sharply following upbeat analyst commentary that Nvidia was set to ride a "Golden Wave" in AI.
Nvidia declined to comment on the report, and Reuters was unable to independently verify it.
Nvidia's shares have surged more than 60 percent from their April 4 closing low. That low point came amid investor unease over President Donald Trump's announcement of new global tariffs, which rattled Wall Street. Since then, stocks have rebounded on optimism that the administration will ease trade tensions through upcoming deals.
Get a daily dose of Austin Globe news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Austin Globe.
More InformationSANTA CLARA, California: Executives at Nvidia have quietly been cashing in on the AI frenzy. According to a report by the Financial...
NEW YORK, New York - Global stock indices closed with divergent performances on Tuesday, as investors weighed corporate earnings, central...
TORONTO, Canada: Canadian Prime Minister Mark Carney announced late on June 29 that trade negotiations with the U.S. have recommenced...
Vancouver, Canada: A high-stakes legal showdown is brewing in the world of athleisure. Lululemon, the Canadian brand known for its...
LONDON, U.K.: British oil giant Shell has denied reports that it is in talks to acquire rival oil company BP. The Wall Street Journal...
NEW YORK, New York - U.S. stock markets closed firmly in positive territory to start the week Monday, with the S&P 500 and Dow Jones...
MEXICO CITY, Mexico: Mexican President Claudia Sheinbaum said this week that her government is investigating possible environmental...
NEW YORK CITY, New York: Walmart is set to close a major Sam's Club fulfillment center in Fort Worth, Texas, as part of a shift in...
Washington DC [US], July 2 (ANI): NASA astronaut Anil Menon has been assigned his first mission to the International Space Station,...
Mumbai (Maharashtra) [India], June 30 (ANI): Anupam Kher's upcoming directorial 'Tanvi The Great' is creating a buzz in the entertainment...
Dallas [US], June 30 (ANI): The South African stars of Texas Super Kings (TSK) rose to the occasion as they secured a commanding 39-run...
Washington DC [US], June 30 (ANI): Former news anchor Lauren Sanchez officially tied the knot with Jeff Bezos in a star-studded Italian...