June 30 - Nvidia (NVDA, Financial) insiders, including CEO Jensen Huang, sold more than $1 billion worth of company stock in the past year, with over $500 million of that sold in June alone.
The increased selling coincided with Nvidia's share price rising to a record high on Wednesday as investor enthusiasm for artificial intelligence returned. The company briefly reclaimed its status as the world's most valuable firm, driven by a rebound of more than 60 % from its April low, aided by renewed optimism around trade policies.
Huang resumed share sales this week, the first time since September, under a pre-scheduled March trading plan approved by the U.S. Securities and Exchange Commission. The plan allows him to sell up to six million shares this year, though he retains the majority of his holdings.
Nvidia's stock edged about 1% higher on Monday, continuing its five-day winning streak that has pushed it past rivals like Microsoft.
Investors may interpret the insider sales as a sign of confidence in the stock's valuation at elevated levels, even as executives capitalize on the AI-driven rally.
The ongoing insider activity and fresh high mark further highlight Nvidia's central role in the booming AI chip market.
