Nvidia shares pop as CEO may be done selling shares after hitting preset plan limit
Nvidia CEO Jensen Huang has concluded his stock sales, cashing in over $700 million as part of a prearranged trading plan. The 61-year-old executive initiated this plan in mid-March, allowing for the sale of up to six million Nvidia shares by the end of the first quarter of 2025. Huang surpassed this threshold months ahead of schedule, executing multiple transactions between June 13 and September 12, according to a recent regulatory filing.
Despite these sales occurring under a 10b5-1 plan—designed to permit insiders to sell shares in a structured manner—Nvidia’s stock received a boost, trading over 4% higher following the announcement. The chipmaker has significantly benefited from the artificial intelligence boom, with shares surging more than 140% this year. Nvidia briefly reached a market cap of $3 trillion earlier this year, solidifying its influence on the broader market and investor sentiment.
Nvidia declined CNBC’s request for comment on the matter. Barron’s first reported on Huang’s completion of the planned sales.
Following these transactions, Huang retains 75.4 million Nvidia shares and an additional 786 million shares through various trusts and partnerships, as noted in a separate filing. In the company’s latest proxy statement, Huang is recognized as Nvidia’s largest individual shareholder.
Nvidia’s processors are at the forefront of the generative AI revolution, powering services like OpenAI’s ChatGPT, with major clients including Microsoft, Meta, Alphabet, Amazon, and Oracle.