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Executives and board members at Nvidia (NASDAQ:NVDA) sold more than $1 billion of company shares in the past year, the Financial Times reported Sunday, citing company filings. A significant portion of those sales occurring in recent weeks as investor excitement over artificial intelligence drives the stock to record highs.
Roughly $500 million in insider sales took place this month alone as Nvidia’s (NASDAQ:NVDA) market valuation soared, cementing its position as the world’s most valuable company. The surge comes despite recent geopolitical headwinds, including escalating U.S.-China tensions and competition from Chinese AI developers, which had briefly weighed on the stock.
Chief Executive Jensen Huang began selling shares for the first time since September. According to Nvidia (NVDA), Huang’s transactions were executed under a predetermined trading plan established in March, designed to comply with regulatory guidelines and avoid accusations of insider trading. Huang still holds much of his stake in the company.
Huang’s sales were triggered after Nvidia shares climbed above $150, surpassing the threshold outlined in his plan, according to VerityData, which monitors insider trading activity. These types of trading plans often include mandatory “cooling-off” periods before sales can begin; in Huang’s case, that 90-day window had recently expired.
Under the plan, Huang is permitted to sell up to 6 million shares by year-end, a move that could generate more than $900 million based on current prices, the FT reported. Forbes estimates Huang’s net worth at approximately $138 billion.
Nvidia’s (NVDA) rapid gains, with its market capitalization now exceeding $3.8 trillion, reflect the massive global investment pouring into AI infrastructure. As the boom continues, other company insiders have also been capitalizing.
Board member Mark Stevens, a former Sequoia Capital partner and early Nvidia (NVDA) investor, disclosed plans this month to sell as many as 4 million shares, currently valued at about $550 million. So far, he has sold approximately $288 million worth.
Jay Puri, Nvidia’s (NVDA) executive vice president of worldwide field operations, sold $25 million in stock on Wednesday. Puri, a two-decade veteran of the company, has played a key role in Nvidia’s (NVDA) international outreach, including diplomatic efforts in China.
Additional board members Tench Coxe and Brooke Seawell have also cashed in. Coxe, a founding investor through Sutter Hill Ventures, sold roughly $143 million in shares on June 9, while Seawell has unloaded around $48 million this month. Both have longstanding ties to Nvidia (NVDA), with Coxe joining in the company’s early days and Seawell serving on the board since 1997.
Nvidia’s (NVDA) stock has rebounded sharply in recent weeks, recovering approximately $1.5 trillion in market value after a brief sell-off triggered by AI advancements from China’s DeepSeek and new U.S. restrictions on AI chip exports to China. Founded by Huang in 1993 in a San Jose Denny’s, Nvidia (NVDA) has evolved from a niche graphics card maker into the backbone of the AI revolution.