Executives at Nvidia have divested over $1 billion (approximately Rs. 8,575 crore) in company stock over the last year, with a significant surge in transactions recently, driven by heightened investor enthusiasm surrounding artificial intelligence, according to a report from the Financial Times published on Sunday.
Out of this amount, sales exceeding $500 million (around Rs. 4,287 crore) were executed this month, coinciding with a rise in the chip designer’s share price, which reached an unprecedented peak, the report indicated.
This week marked the first time since September that Jensen Huang, Nvidia’s chief executive, began selling shares, as detailed in a filing with the Securities and Exchange Commission.
Nvidia’s stock price surged to record levels on Wednesday, allowing the company to reclaim its status as the most valuable firm globally after an analyst projected that it was poised to benefit significantly from a “Golden Wave” in artificial intelligence.
The recent upturn in Nvidia’s stock mirrors a shift in the U.S. stock market back toward the “AI trade,” which has previously driven remarkable increases in the value of semiconductor stocks and technology firms amid optimism for the burgeoning sector.
Nvidia has chosen not to comment on the FT report.
Attempts by Reuters to verify the details of the report were unsuccessful at the time of publication.
The company’s shares have rebounded more than 60 percent since hitting a closing low on April 4, when investor sentiment was dampened by President Donald Trump’s announcements regarding global tariffs. Following this, U.S. stocks, including Nvidia, have shown resilience, bolstered by expectations of forthcoming trade agreements that may alleviate tariff pressures.
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