Nvidia Executives Cash Out Over $1 Billion in Stock Amid AI Boom

In Brief:

Nvidia insiders, including CEO Jensen Huang, have sold over $1 billion in stock over the past year.

The sales coincide with Nvidia's stock hitting an all-time high amid the AI investment boom.

Nvidia executives have sold more than $1 billion in company stock over the past 12 months, capitalizing on the surge in artificial intelligence investment. This includes over $500 million in stock sales this month, as the California-based chip design company’s stock reached a historic peak. CEO Jensen Huang, who had not sold stock since September, followed a pre-established trading plan for these sales, timed with higher stock prices. The sales come after a challenging year for Nvidia, marked by trade tensions and competition in the AI sector. Despite selling, Huang still holds the vast majority of his Nvidia stock, reflecting confidence in the company's continued growth in AI chip demand.

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