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Abstract:Huang has unloaded 1.2 million shares, totaling about $190 million, since he started selling stock this year, according to InsiderScore.
Nvidia CEO Jensen Huang sold another 225,000 shares of the chipmaker, totaling about $37 million, according to a U.S. Securities and Exchange Commission filing.
The sale comes as part of a plan adopted in March for Huang to sell up to 6 million shares of the leading artificial intelligence company. Huang began trading stock last month. His most recent sale, disclosed last Friday, totaled 225,000 shares, or about $36 million.
Since he began selling stock this year, Huang has unloaded 1.2 million shares, totaling about $190 million, according to InsiderScore. In last year's prearranged plan, Huang cashed in over $700 million.
AI demand and the need for graphics processing units powering large language models have spiked Huang's net worth and propelled Nvidia past a $4 trillion market capitalization, making it the most valuable company.
That surge in value has put Huang above Berkshire Hathaway's Warren Buffett in net worth on Bloomberg's Billionaire Index.
In another significant win, Nvidia said this week that it plans to soon restart sales of its H20 chips to China after the Trump administration indicated that it would approve export licenses.
Earlier this year, the administration said Nvidia would need a license approval to ship the chips, designed specifically for China.
“The U.S. government has assured NVIDIA that licenses will be granted, and NVIDIA hopes to start deliveries soon,” the company said in a statement Tuesday.
Huang said during a press conference on Wednesday in Beijing, China, that he wants to sell chips more advanced than the H20 to China at some point.
Huang wasn't the only stakeholder to unload Nvidia shares. Board member Brooke Seawell sold $16 million worth of stock.
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