Nvidia execs sell $1 billion in stock as AI boom drives record prices

Anabelle Colaco
02 Jul 2025, 09:04 GMT+10

According to a report by the Financial Times, insiders at Nvidia have sold over US$1 billion worth of shares in the past year
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

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.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Broadcast Communications.

More Information

null in null

Business

Section

Nvidia execs sell $1 billion in stock as AI boom drives record prices

SANTA CLARA, California: Executives at Nvidia have quietly been cashing in on the AI frenzy. According to a report by the Financial...

Tech stocks slide, industrials surge on Wall Street

NEW YORK, New York - Global stock indices closed with divergent performances on Tuesday, as investors weighed corporate earnings, central...

Canada-US trade talks resume after Carney rescinds tech tax

TORONTO, Canada: Canadian Prime Minister Mark Carney announced late on June 29 that trade negotiations with the U.S. have recommenced...

Lululemon accuses Costco of selling knockoff apparel

Vancouver, Canada: A high-stakes legal showdown is brewing in the world of athleisure. Lululemon, the Canadian brand known for its...

Shell rejects claim of early merger talks with BP

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...

Wall Street extends rally, Standard and Poor's 500 hits new high

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...

Sectors - Broadcasting

Section

SBA participates in World News Media Conference 2025 in Poland

SHARJAH, 7th May, 2025 (WAM) -- The Sharjah Broadcasting Authority (SBA) recently took part in the 76th World News Media Congress,...

"Landmark day for India's efforts to encourage sporting talent": New National Sports Policy 2025 approval

New Delhi [India], July 1 (ANI): On the occasion of the approval of the new 'Khelo Bharat Niti 2025', Prime Minister Narendra Modi...

Indian Institute of Creative Technologies begins admissions for Animation, Visual Effects, Gaming, in August

Mumbai (Maharashtra) [India], July 1 (ANI): The Indian Institute of Creative Technologies (IICT) opens admissions for its first batch...

Cabinet approves Research and Development and Innovation scheme with corpus of Rs 1 lakh crore to boost strategic, sunrise domains

New Delhi [India], July 1 (ANI): In a significant step to bolster India's research and innovation ecosystem, the Union Cabinet on Tuesday...

Georgia Risks EU Sanctions; Ukraine Hits Roadblocks In NATO, EU Bids

Welcome to Wider Europe, RFE/RL's newsletter focusing on the key issues concerning the European Union, NATO, and other institutions...

Uttarakhand CM Dhami participates in Space Conference 2025 focused on role of Himalayan states

Dehradun (Uttarakhand) [India], June 30 (ANI): Uttarakhand Chief Minister Pushkar Singh Dhami on Monday participated in the Space Technology...