logo
Nvidia CEO Jensen Huang sells shares worth $36 million, net worth nears Buffett

Nvidia CEO Jensen Huang sells shares worth $36 million, net worth nears Buffett

Economic Times2 days ago
Jensen Huang, Nvidia's CEO, has sold company shares worth $36.4 million. This sale is part of a prearranged trading plan.
Synopsis Nvidia CEO Jensen Huang has sold $36.4 million worth of his company's shares, adding to previous sales under a prearranged trading plan. This move comes as Huang's wealth approaches Warren Buffett's due to Nvidia's success in the AI hardware market. Despite the sales, Huang still holds a significant number of Nvidia shares. Nvidia CEO Jensen Huang has sold shares of the chipmaking giant worth approximately $36.4 million, further trimming his holdings in the company he co-founded. The move comes as Huang's soaring net worth places him in close proximity to legendary investor Warren Buffett in global wealth rankings.
ADVERTISEMENT According to CNBC reports, the latest transaction involved 225,000 shares and was part of a broader trading plan adopted in March, which allows Huang to sell up to six million shares of Nvidia through the end of 2025.
He had earlier sold a separate tranche in June worth around $15 million under the same arrangement.
Last year, Huang had divested nearly $700 million worth of shares under a similar prearranged plan. Following the most recent disclosure, Nvidia shares rose by about 1% in Friday trading, CNBC reported.The tech executive's wealth has surged alongside Nvidia's meteoric rise as a leader in the artificial intelligence hardware space. The company's GPUs have become indispensable for training and running large language models, fueling massive demand from both enterprises and investors.As per CNBC, Huang's net worth has jumped by over $29 billion just in 2025 so far, marking a gain of more than 25%. Bloomberg's Billionaires Index estimates his fortune at $143 billion, placing him nearly neck and neck with Berkshire Hathaway chairman Warren Buffett, who stands at $144 billion.
ADVERTISEMENT The company itself has hit record-breaking milestones in recent months. CNBC noted that Nvidia became the first U.S. firm to cross a $4 trillion market capitalization earlier this week, surpassing tech giants Microsoft and Apple in the process.Despite his ongoing stock sales, Huang continues to hold over 858 million Nvidia shares, both directly and indirectly through various partnerships and trusts.
ADVERTISEMENT
Also read: Use market dips to build portfolios; these 8 sectors have high growth potential: Alok Agarwal
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
(You can now subscribe to our ETMarkets WhatsApp channel)
Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share
Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained
Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms
Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips
L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first?
Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more
SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders
API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading
Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains
Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains
NEXT STORY
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Sriharikota, start-ups to space cities: Naidu govt aims for the cosmos with ambitious space policy
Sriharikota, start-ups to space cities: Naidu govt aims for the cosmos with ambitious space policy

The Print

time28 minutes ago

  • The Print

Sriharikota, start-ups to space cities: Naidu govt aims for the cosmos with ambitious space policy

The policy, which leverages Sriharikota's strategic location on Andhra Pradesh's southern coast, aims to attract investments worth Rs 25,000 crore in the sector over the next 10 years, and create 5,000 direct and 30,000 indirect jobs in high-technology, space-linked sectors. The Chandrababu Naidu government's Andhra Pradesh Space Policy (4.0), unveiled Sunday, seeks to build on the country's progress and plans in satellite constellation, next-generation technology missions, planetary and interplanetary exploration, and human spaceflight and space station development. Hyderabad: Andhra Pradesh, home to India's only operational spaceport at Sriharikota, has unveiled an ambitious space policy aimed at attracting massive investment and creating thousands of jobs in the state. The five-year policy's strategic goals include the establishment of an enabling eco-system by developing indigenous research and testing infrastructure to reduce dependency on external agencies, and fostering international collaborations and partnerships in critical space technologies, satellite applications and launch logistics. The policy outlines plans to build an enabling ecosystem by developing indigenous research and testing infrastructure to reduce reliance on external agencies, while promoting international collaboration in critical areas, such as space technology, satellite applications, and launch logistics. For the purpose, the government is planning two dedicated Space Cities at Lepakshi (close to Bengaluru), and Tirupati (close to Sriharikota), to make them hubs for space tech, R&D and manufacturing. To implement the policy, the state government will establish a dedicated Special Purpose Vehicle called Andhra Pradesh Space City Corporation, according to government orders issued Sunday. 'The corporation serves as the central agency to coordinate infrastructure development, raise startup funds, attract investments, facilitate industry partnerships, build partnerships to attract global demand and liaise with all Government of India entities for domestic demand. It will also facilitate investors to ensure streamlined execution of space-related projects,' N. Yuvaraj, the industries and commerce department secretary, said while issuing the policy. Operating under the Department of Space, the three key organisations responsible for research, regulatory functions and commercial operations in the space sector are the Indian Space Research Organisation (ISRO), IN-SPACe (Indian National Space Promotion and Authorization Center) and the NewSpace India Limited (NSIL). Also Read: What's next as ISRO pulls off short-duration 'hot tests' for Gaganyaan module propulsion system Financial incentives The policy offers several incentives to encourage start-ups and attract investors in the fast-expanding sector. Start-ups could get a grant of up to Rs 15 lakh in a phased manner, an interest subsidy and seed funding with equity of up to Rs 50 lakh, based on an equity sharing model. Large enterprises are eligible for 15 percent of the eligible fixed capital investment with a maximum cap of Rs 75 crore, disbursed over three years. Enterprises successfully entering technology transfer agreements with national or international organisations are eligible for a technology transfer subsidy and can receive 50 percent of the technology acquisition cost, up to a maximum of Rs 1 crore. The state is offering other incentives, such as rebate on land cost, net SGST reimbursement payable on the sale of final products for five years, a de-carbonisation subsidy and stamp duty reimbursement. However, the overall incentive claim should not exceed 100 percent of the fixed capital investment in the state. Micro, Small and Medium Enterprises (MSMEs) can also claim these benefits, along with power subsidies, skill development assistance, branding and marketing support, although the the overall incentive claim cannot exceed 75 percent of the fixed capital investment. Geographical advantage Officials say Andhra Pradesh has a geographical advantage in the national space ecosystem, being home to the Satish Dhawan Space Centre at Sriharikota—India's only operational launch site. With over 90 successful launches to date, the facility anchors the state's strategic relevance in the country's space programme. 'The development of a third launch pad at Sriharikota further reinforces Andhra Pradesh's role in supporting future strategic, commercial, and crewed space missions. Additionally, the State's proximity to key aerospace hubs such as Bengaluru and Chennai offers significant logistical and technical advantages for component sourcing, talent access, and cross-sector collaboration,' the policy says. The Lepakshi Space City in Sri Satya Sai District (along the Hyderabad-Bengaluru Industrial Corridor) would be situated close to Bengaluru, home to the Indian Space Research Organisation's (ISRO) R&D hub and prominent aerospace clusters. The Tirupati Space City could boast of direct road access to the Satish Dhawan Space Centre (SDSC-SHAR) launch pad, facilitating efficient launch operations. 'Both locations have vast land banks available, providing ample scope for development and growth,' the policy says. Recognising the need to target distinct sub-sectors within the space industry, the policy is categorised into two broad areas. The first focuses on design and development, including spacecraft and payload design, avionics and embedded systems, space applications and downstream services. The second covers manufacturing and launch logistics, such as the production and assembly of launch vehicles, propulsion systems, satellites, mechanical and precision components and support infrastructure. India's space sector accounts for about two percent ($8-$10 billion) of the global space economy valued at over $500 billion. The policy notes that the Centre has set an ambitious target to raise this share to $44 billion by 2030. The domestic space ecosystem comprises more than 700 firms supporting ISRO missions, in addition to over 200-250 space-focused startups that contribute to a vibrant and rapidly evolving innovation landscape. The Indian Space Policy 2023 marks a pivotal shift by liberalising access to space technologies and infrastructure, while permitting 100 percent Foreign Direct Investment (FDI) under the automatic route for satellite component manufacturing and related services. (Edited by Sugita Katyal) Also Read: Elon's Starlink gets nod from India's space regulator but data privacy, space debris concerns abound

DKS will become CM when time is right: Mandya MLA
DKS will become CM when time is right: Mandya MLA

Time of India

time29 minutes ago

  • Time of India

DKS will become CM when time is right: Mandya MLA

M andya: Amid ongoing speculations about DCM DK Shivakumar becoming chief minister, Mandya MLA P Ravikumar asserted that his leadership will materialise when the time is right. "138 MLAs stand firmly behind DK Shivakumar and Siddaramaiah. When time and circumstances align, he will certainly become the chief minister. Timing and opportunity bring results — he deserves the post and will take it when destined," he said. Reacting to BJP state president Vijayendra's "revolution" remark, Ravikumar stated, "While they talk of revolutions, we believe in a mantra of peace. We avoid responding to opposition provocations. The decision rests solely with the high command. Both the chief minister and deputy chief minister have clarified their positions, and MLAs support both leaders." Dismissing reports about Congress MLAs being in contact with the BJP, he added, "We're not in touch with anyone. BJP attempted to lure our MLAs, even offering Rs 100 crore, but none defected. Having failed, they're now sitting quietly at home." MySugar School project "Regarding the proposed MySugar School project, instructions have been issued to the managing director to prepare a detailed blueprint within a month. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Ingin Tahu Tentang Diagnosis Limfoma? Dapatkan Info Selengkapnya Limfoma Baca Undo by Taboola by Taboola The local MP has assured that they will personally approach higher authorities to secure necessary development funds. This proposal was discussed in the recent DISHA meeting, where it received approval," added Ravikumar. He also said that the MySugar factory officially commenced sugar cane crushing operations from Tuesday itself. The crushing process is progressing smoothly, benefiting local farmers. Authorities have promised timely payments to farmers for their produce. "This season, the factory has set a target to crush 3 lakh tonnes of sugarc ane," said Ravikumar.

Over 31 cr women availed free bus travel in Mys district
Over 31 cr women availed free bus travel in Mys district

Time of India

time29 minutes ago

  • Time of India

Over 31 cr women availed free bus travel in Mys district

Mysuru: From June 11, 2023, to June 30, 2025, over 31 crore women in Mysuru district availed free bus travel under the Shakti scheme, said Pushpa Amaranath, vice-chairperson of the Karnataka State Guarantee Schemes Implementation Authority. Speaking to reporters after taking part in celebrations marking the scheme's milestone of 500 crore free journeys across Karnataka, held at the city's rural bus stand, where she distributed sweets to passengers, she highlighted that the Shakti scheme, one of the Congress govt's flagship five guarantees, resulted in 500 crore free journeys by women statewide. She noted the scheme's dual impact — empowering women and supporting the financial health of state transport corporations. While CM Siddaramaiah celebrated the milestone in Bengaluru by issuing the symbolic 500 crore ticket, Mysuru marked the occasion with a special decorated bus procession. Providing district-specific figures, she stated that since the scheme's inception, 46.67 crore passengers travelled on Mysuru's buses, of which 31.04 crore were women beneficiaries. The transport corporation recorded a cumulative revenue of Rs 776.5 crore during this period. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Introducing the Carens Clavis Kia India Learn More Undo Breaking down the earnings: In 2023–24, 10.8 crore women travelled, generating Rs 246.7 crore revenue; in 2024–25, 15.9 crore women contributed Rs 404.7 crore revenue. Up to June 2025–26, 4.24 crore women journeys earned Rs 124.9 crore.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store