Following news that CEO Jensen Huang had finished selling company stock in accordance with a
prearranged trading strategy, Nvidia shares increased on Tuesday. Between June and September, Huang
sold six million shares, bringing in almost $713 million. Despite the plan’s expiration date of March 2025,
Huang completed the sales ahead of schedule.
After selling shares of $713 million, Huang is still Nvidia’s top shareholder with 75.4 million shares held
individually and 786 million through partnerships and trusts. Year to date, the stock has experienced a
rally of around 140% due to Nvidia’s dominance in the AI sector and data centers.
Considering that Nvidia recently revealed a 122% year-over-year rise in sales, the demand for AI
technology is expected to support the company’s ongoing growth.

Shares showed strong performance on the news up 4% for the day