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Investing.com-- Nvidia insiders sold more than $1 bln of the company’s stock in the past 12 months, the Financial Times reported over the weekend, as investors capitalized on a sharp valuation spike on the company’s role in the artificial intelligence industry.
More than half of the share sales took place in June, the FT report said. CEO Jensen Huang was seen selling shares last week as part of a pre-set share sale plan.
Other major figures who sold Nvidia (NASDAQ:NVDA) shares include board members Mark Stevens, Tench Coxe and Brooke Seawell, as well as executive vice president Jay Puri, the FT report said.
The share sales still only represent a fraction of Nvidia’s market capitalization, with the company having nearly quadrupled in value over the past two years as it rode a wave of artificial intelligence demand to become the most valuable company in the world.
Huang has forecast that AI demand will remain robust in the coming quarters, with sales expected to grow sharply.
Nvidia shares are trading up 14% so far in 2025, having hit a record high last week as persistent optimism over AI demand largely offset concerns over trade tariffs and restrictions on sales to China.