Nvidia execs sell $1 billion in stock as AI boom drives record prices

Anabelle Colaco
02 Jul 2025, 09:04 GMT+10

According to a report by the Financial Times, insiders at Nvidia have sold over US$1 billion worth of shares in the past year
The timing coincides with Nvidia's meteoric stock rally, powered by investor excitement over artificial intelligence
As markets returned to the “AI trade” in recent weeks, Nvidia’s shares surged to an all-time high and briefly made it the world’s most valuable company once again

SANTA CLARA, California: Executives at Nvidia have quietly been cashing in on the AI frenzy. According to a report by the Financial Times, insiders at the California-based chipmaker have sold over US$1 billion worth of shares in the past year, with more than half of that offloaded just this month as the company's valuation soared.

The timing coincides with Nvidia's meteoric stock rally, powered by investor excitement over artificial intelligence. As markets returned to the "AI trade" in recent weeks, Nvidia's shares surged to an all-time high and briefly made it the world's most valuable company once again.

Among those selling was CEO Jensen Huang, who began trimming his holdings this week for the first time since September, according to a filing with the U.S. Securities and Exchange Commission.

The FT report noted that over $500 million of the share sales took place in June alone, as the chipmaker's price climbed sharply following upbeat analyst commentary that Nvidia was set to ride a "Golden Wave" in AI.

Nvidia declined to comment on the report, and Reuters was unable to independently verify it.

Nvidia's shares have surged more than 60 percent from their April 4 closing low. That low point came amid investor unease over President Donald Trump's announcement of new global tariffs, which rattled Wall Street. Since then, stocks have rebounded on optimism that the administration will ease trade tensions through upcoming deals.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Shanghai Sun.

More Information

null in null

International

Section

Trump hints at DOGE investigation of Musk subsidies

WASHINGTON, DC - U.S. President Donald Trump on Tuesday claimed Elon Musk's success has been built on government subsidies. Without...

Native leaders, activists oppose detention site on Florida wetlands

EVERGLADES, Florida: Over the weekend, a diverse coalition of environmental activists, Native American leaders, and residents gathered...

Beijing crowds cheer AI-powered robots over real soccer players

BEIJING, China: China's national soccer team may struggle to stir excitement, but its humanoid robots are drawing cheers — and not...

COVID-19 source still unknown, says WHO panel

]LONDON, U.K.: A World Health Organization (WHO) expert group investigating the origins of the COVID-19 pandemic released its final...

Fox faces $787 million lawsuit from Newsom over Trump phone call

DOVER, Delaware: California Governor Gavin Newsom has taken legal aim at Fox News, accusing the network of deliberately distorting...

DeepSeek faces app store ban in Germany over data transfer fears

FRANKFURT, Germany: Germany has become the latest country to challenge Chinese AI firm DeepSeek over its data practices, as pressure...

Asia Business

Section