Anabelle Colaco
02 Jul 2025, 09:04 GMT+10
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.
Get a daily dose of Tennis Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Tennis Times.
More Information(250702) -- ATLANTA, July 2, 2025 (Xinhua) -- Supporters of CF Monterrey react before the round of 16 match between Borussia Dortmund...
(250702) -- MIAMI, July 2, 2025 (Xinhua) -- Gonzalo Garcia (R) of Real Madrid vies with Francisco Conceicao of Juventus during the...
Bengaluru (Karnataka) [India], July 2 (ANI): A two-person bench of Central Administrative Tribunal (CAT) observed Royal Challengers...
Bengaluru (Karnataka) [India], July 1 (ANI): After the Bengaluru stampede near the Chinnaswamy Stadium that claimed 11 lives and left...
Bulawayo [Zimbabwe], July 1 (ANI): Following his side's win over Zimbabwe in the first Test, South African skipper Keshav Maharaj hailed...
New Delhi [India], July 1 (ANI): The last two spots for the quarterfinals of the FIFA Club World Cup will be sealed by either Spanish...
VILNIUS, Lithuania – A growing body of research suggests that selectively restricting a single nutrient in our diet could have profound...
Kolkata (West Bengal) [India] July 2 (ANI): West Bengal Irrigation Minister Manas Ranjan Bhunia has strongly condemned the alleged...
Sangareddy (Telangana) [India], July 2 (ANI): Following the Sigachi Pharma chemical factory explosion in Telangana's Sangareddy district...
U.S. Senate passes Trump's landmark mega-bill The GOP-led Senate on Tuesday passed U.S. President Donald Trump's One Big Beautiful...
Leh (Ladakh) [India], July 2 (ANI): GOC Trishul Division's Galwan Cycling Expedition team covered a distance of 312 km from Nyoma to...
by Burak Akinci ANKARA, July 1 (Xinhua) -- Yousouf Al Sharif, a 35-year-old furniture worker from Syria living in Ankara, is thinking...