The FT alleges that Nvidia execs sold more than $1 billion worth of shares during a market rise
The Financial Times said on Sunday that Nvidia (NVDA.O) opens a new tab Insiders sold more than $1 billion worth of company stock in the last year, with a noteworthy increase in recent trading activity as executives take advantage of the growing interest in artificial intelligence among investors.
As the share price of the California-based chip designer surged to an all-time high, the report stated that over $500 million of the share transactions occurred this month.
According to the SEC filing, Nvidia CEO Jensen Huang began selling shares this week for the first time since September.
The chipmaker regained its position as the most valuable business in the world on Wednesday, when its shares hit a record. This came after an expert predicted that Nvidia will ride a “Golden Wave” of artificial intelligence.
Its most recent gains are a reflection of the U.S. stock market’s return to the “AI trade,” which in recent years has driven enormous gains in chip stocks and allied technology businesses due to confidence about the new technology.
Regarding the FT report, Nvidia chose not to respond.
Reuters was unable to verify the report right away.
Since its closing low on April 4, when Wall Street was still in shock over President Donald Trump’s announcements of worldwide tariffs, Nvidia’s stock has risen more than 60%. Expectations that the White House will negotiate trade agreements to lower the tariffs have caused U.S. stocks, particularly Nvidia, to rebound.
