Senior executives and board members at Nvidia have sold more than $1 billion worth of company stock over the past year, including a sharp uptick in trading this month, as reported by the Financial Times. The sales come as the California-based chipmaker’s shares hit record highs, propelled by surging investor enthusiasm for artificial intelligence technologies.
According to data from VerityData, more than $500 million in insider sales occurred in June alone, coinciding with Nvidia’s rise to become the world’s most valuable company, with a market capitalization of $3.8 trillion. Investors have poured into the stock, betting on relentless global demand for AI chips, despite recent challenges including U.S.–China trade tensions and Chinese tech breakthroughs.
Nvidia CEO Jensen Huang, who had not sold any shares since September 2024, began offloading stock again this week under a pre-arranged 10b5-1 trading plan adopted in March. The plan, designed to avoid insider trading allegations, sets predetermined prices and dates for sales. Huang still retains the majority of his shares.
“[Huang] waited for the stock to return to levels that he felt more comfortable selling at,” said Ben Silverman, Vice President of Research at VerityData. “When the stock dropped in the first quarter, he did not sell, which was really smart.”
Huang is reportedly eligible to sell up to 6 million shares before the end of 2025, potentially earning more than $900 million based on current valuations. According to Forbes, his net worth now stands at approximately $138 billion.
The surge in insider activity includes other prominent Nvidia figures:
- Mark Stevens, a longtime board member and early investor via Sequoia Capital, has already sold $288 million worth of shares this month and may sell up to $550 million in total.
- Jay Puri, Executive VP of Worldwide Field Operations, sold $25 million worth of shares this week. Puri has played a pivotal role in the company’s international outreach, including diplomatic efforts in China.
- Board members Tench Coxe and Brooke Seawell have also cashed in. Coxe sold about $143 million in early June, while Seawell offloaded around $48 million in the same period.
Despite recent volatility driven by Chinese competitors like DeepSeek and renewed U.S. export restrictions on AI chip sales to China, Nvidia shares have rebounded strongly. Since their low point in April, the company has regained approximately $1.5 trillion in market value.
Founded in 1993 by Huang and two colleagues in a Denny’s restaurant in San Jose, Nvidia has evolved from a maker of gaming graphics cards to a cornerstone of the global AI ecosystem. The insider sales reflect not only massive investor confidence but also the eye-watering wealth generated for those who built the company from its earliest days.
