Nvidia CEO Jensen Huang sold 75,000 shares worth $12.94 million as part of a plan that allows him to sell 6 million shares this year. Since co-founding Nvidia in 1993, Huang has gained wealth as Nvidia rose to become a leader in AI chips, with stock now trading at $176 and a market cap over $4 trillion. Despite earlier dips related to AI market concerns, Nvidia's earnings report showed a 69% revenue increase year-over-year, indicating strong ongoing investment in AI infrastructure by major customers.
Nvidia CEO Jensen Huang has sold stock several times this year as part of a pre-established plan, allowing him to sell 6 million shares this year.
Following Nvidia's rise as a leader in AI chips, its stock made a massive breakout, trading today at $176 with a market cap of over $4 trillion.
Despite earlier dips in share prices, Nvidia's earnings report revealed a 69% year-over-year revenue increase, affirming strong market demand and customer investment in AI.
Loop Capital predicts Nvidia's market cap could reach $6 trillion due to its dominant position in AI chips, despite challenges like market closures in China.
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