Nvidia CEO Jensen Huang sells another $37 million in stock as China chip sales resume
Jensen Huang has sold an additional 225,000 shares of the chipmaker, amounting to approximately $37 million, as reported in a US Securities and Exchange Commission filing.
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A report said that this sale is part of a prearranged plan, adopted in March, allowing Huang to sell up to 6 million shares of the US-based GPU and artificial intelligence (AI)-chipmaking company.
Huang began trading stock last month, and his most recent transaction, disclosed last Friday, also involved 225,000 shares, valued at around $36 million.
According to CNBC, since Huang started selling stock this year, he has offloaded a total of 1.2 million shares, accumulating approximately $190 million, according to InsiderScore.
In his prearranged plan from last year, he cashed in over $700 million.
Huang wasn't the only stakeholder to sell Nvidia shares; board member Brooke Seawell also sold $16 million worth of stock.
Increased demand for AI chips boosts Huang's net worth
The soaring demand for AI and the graphics processing units (GPUs) that power large language models (LLMs) have boosted Huang's net worth and propelled Nvidia past a $4 trillion market capitalisation, making it the most valuable company globally.
This surge has placed Huang's net worth above that of Berkshire Hathaway's Warren Buffett on Bloomberg's Billionaire Index.
Nvidia to resume selling H20 chips in China
The development comes days after Nvidia announced this week that it plans to soon restart sales of its H20 chips to China. The Trump administration indicated it would approve the necessary export licenses. Earlier this year, the administration had stated that Nvidia would require such licenses to ship these chips, which were specifically designed for the Chinese market.
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