**Nvidia CEO Cashes In on Stock Sales, Netting Over $700 Million**
In a move that has sent ripples through the market, Nvidia CEO Jensen Huang has completed the sale of over six million shares of the company’s stock, pocketing a staggering $700 million in the process. The 61-year-old executive had adopted a prearranged trading plan in mid-March, which allowed him to sell the shares by the end of the first quarter of 2025. However, he has managed to hit the threshold months ahead of schedule, with a flurry of transactions taking place between June 13 and September 12.
Despite the sales being made under a preplanned structure, Nvidia’s shares received a significant boost, trading over 4% higher on the news. The company has been riding high on the artificial intelligence wave, with its shares surging over 140% this year. Nvidia’s market capitalization briefly touched $3 trillion earlier this year, making it a dominant force in the industry.
Huang now holds 75.4 million Nvidia shares, as well as an additional 786 million shares through various trusts and partnerships. He remains the company’s largest individual shareholder, according to the latest proxy statement. Nvidia’s processors are powering the generative AI boom, with top clients including Microsoft, Meta, Alphabet, Amazon, and Oracle.
The company’s success has had a ripple effect on the broader market, influencing investor sentiment and cementing its position as a leader in the tech industry.
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