Huang Jen Hsun of Nvidia sells $40.2 million in shares

President and CEO of NVIDIA (NASDAQ:NVDA), Huang Jen Hsun, sold 223,000 shares of common stock on September 25th, 26th and 29th, according to a new SEC filing. The sales, which totaled $40.2 million, occurred at prices ranging from $173.847 to $183.546. The transactions come as NVIDIA, now valued at $4.42 trillion, trades near its 52-week high of $184.55. InvestingPro analysis indicates the stock is trading above its Fair Value, with exceptional revenue growth of 71.55% in the last twelve months.

On September 25, Huang sold 4,643 shares at an average price of $173.847, 7,910 shares at an average price of $174.6591, 3,784 shares at an average price of $175.8554, 20,015 shares at an average price of $176.9408, 22,300 shares at an average price of $177.6469 and 7,995 shares at an average price of $178.6972 and 8,353 shares at an average price of $179.6188.

On September 26, Huang sold 11,995 shares at an average price of $175.8988, 27,397 shares at an average price of $176.605, 33,098 shares at an average price of $177.5395 and 2,510 shares at an average price of $178.3078.

On September 29, Huang sold 6,954 shares at an average price of $181.0824, 36,296 shares at an average price of $181.8974, 24,558 shares at an average price of $182.9936 and 7,192 shares at an average price of $183.546.

Following these transactions, Huang directly owns 71,233,203 shares of NVIDIA common stock. The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 20, 2025.

In other recent news, Nvidia has been a focal point of significant developments. Barclays has raised its price target for Nvidia to $240, citing an optimistic outlook on AI infrastructure spending. This comes as the firm estimates over $2 trillion in spending, with a substantial portion dedicated to compute and networking components. Additionally, Mizuho reiterated an Outperform rating on Nvidia, maintaining a $205 price target after Nvidia’s $100 billion equity investment in OpenAI. This investment is expected to fund up to 10GW of AI data center capacity, enhancing Nvidia’s capabilities in the AI sector.

In related developments, Nscale Global Holdings has raised $1.1 billion from investors, including Nvidia, Dell, and Nokia, to expand its AI data centers. This funding will support Nscale’s infrastructure across Europe, North America, and the Middle East. Meanwhile, RedCloud Holdings has joined the NVIDIA Connect program to bolster its AI capabilities for its trading platform. This collaboration aims to address a significant inventory gap in the global FMCG industry, potentially enhancing RedCloud’s product development. These recent activities highlight the ongoing momentum and strategic investments in AI and related technologies.

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