NVDA - Nvidia CEO Jensen Huang Sells Over $29M Worth Of Shares As Company's Stock Shoots Up 155% In 2024 Amid AI Frenzy | Benzinga
Nvidia Corp (NASDAQ:NVDA) CEO Jensen Huang has sold over $29 million worth of shares amid the company’s remarkable stock market performance.
What Happened: Huang, often referred to as the “Godfather of GPU,” has been offloading his shares as Nvidia’s stock continues to soar. The CEO’s recent sales, disclosed in U.S. Securities and Exchange Commission filings, amount to $29,401,823, bringing his total sales to $184 million over the past three weeks.
Nvidia’s stock reached its peak in June, driving the company’s market value to over $3 trillion. This surge underscored Nvidia’s dominant position in the tech industry, largely due to its focus on developing advanced chips for artificial intelligence applications.
Huang’s leadership has been pivotal in Nvidia’s ascent. His recent share sales coincide with the company’s continued dominance in AI technology and its close competition with tech ...