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NVIDIA CORP (NASDAQ:NVDA), the semiconductor giant with a market capitalization of $4.08 trillion and currently trading near its 52-week high of $174.25, reported that President and CEO Huang Jen Hsun sold 200,121 shares of common stock on July 21st, 22nd and 23rd, according to a new Form 4 filing with the Securities and Exchange Commission. The sales, which totaled $38,220,744, were executed at prices ranging from $165.3619 to $173.1861. According to InvestingPro analysis, NVIDIA currently trades at a P/E ratio of 54.56, reflecting the market’s high growth expectations for the company.
The transactions were executed under a Rule 10b5-1 trading plan adopted by Huang on March 20, 2025.
Specifically, on July 21, Huang sold 22,769 shares at a weighted average price of $171.9176, 51,901 shares at $172.6317, and 330 shares at $173.1861. On July 22, he sold 2,390 shares at $165.3619, 8,414 shares at $166.2245, 16,041 shares at $167.2578, 43,439 shares at $168.0112, 3,356 shares at $168.9343, 843 shares at $170.3842, and 517 shares at $170.974. Finally, on July 23, Huang sold 23,208 shares at $168.7626, 31,123 shares at $169.4245, 20,329 shares at $170.5735 and 340 shares at $171.1571.
Following these transactions, Huang directly owns 74,123,225 shares of NVIDIA CORP common stock. He also indirectly owns millions of shares through various trusts, partnerships, and limited liability companies. These include 582,503,470 shares held by the Jen-Hsun & Lori Huang Living Trust, 49,489,560 shares held by J. and L. Huang Investments, L.P., and other holdings through irrevocable trusts and limited liability companies.
In other recent news, Elon Musk’s artificial intelligence startup, xAI, is seeking to raise up to $12 billion for its expansion plans. This funding effort is being coordinated through Valor Equity Partners, an investment firm with close ties to Musk. Meanwhile, AI startup Reka AI has successfully raised $110 million in a new funding round, boosting its valuation to over $1 billion. Notable investors in this round include Nvidia and Snowflake (NYSE:SNOW).
In other developments, Republican Congressman John Moolenaar has expressed opposition to Nvidia’s plans to resume sales of its H20 equivalent graphics processing units to China. This concern was communicated in a letter to U.S. Commerce Secretary Howard Lutnick. Concurrently, China has urged the United States to move away from a "zero-sum mindset" regarding trade restrictions, following U.S. approval of export licenses for Nvidia’s H20 AI accelerator.
Additionally, OpenAI CEO Sam Altman has publicly supported Nvidia CEO Jensen Huang’s positive outlook on AI’s impact on job creation. Altman’s remarks align with Huang’s recent predictions that AI will lead to the creation of more and better jobs. These developments reflect ongoing discussions and actions in the AI and technology sectors.
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