Nvidia CEO Jensen Huang Sells $42 Million in Stock Amid Record Valuation
Nvidia CEO Jensen Huang offloaded $42 million worth of company shares in October, continuing a trend of accelerated selling as the chipmaker's valuation soared to $5 trillion. The latest $5.2 million sale on October 29 was executed under a pre-arranged trading plan tied to specific price conditions.
Huang has now sold over $1 billion in Nvidia stock this year while retaining 852 million shares worth approximately $169.3 billion. His 4% stake maintains his position as the company's largest individual shareholder. SEC filings reveal other senior executives have joined Huang in reducing their positions during Nvidia's historic rally.