NVIDIA executives cash out over $1 billion in stock

CoinVoice has learned that, according to the Financial Times, over the past 12 months, insiders at NVIDIA ( NVDA.O ) have sold more than $1 billion worth of company stock. As executives cash in on the artificial intelligence investment boom, recent volume has surged. More than $500 million worth of stock was sold this month, coinciding with the California chip design company's stock price reaching an all-time high. Previously, investors had been heavily buying NVIDIA shares, betting on a surge in demand for AI chips, making it the highest market capitalization company in the world.

Before the recent rise in stock prices, NVIDIA experienced a tumultuous year: trade tensions and breakthroughs in AI from other countries had threatened the demand for its products. CEO Jensen Huang initiated his first stock sale since September of last year this week. NVIDIA stated that all of Huang's sales were in accordance with a preset trading plan established in March, which predetermined the prices and dates that would trigger sales. Huang still holds the vast majority of his NVIDIA shares. Ben Silverman, Vice President of Research at VerityData, commented: "When the stock price fell in the first quarter, he (Huang) did not engage in dumping, which was very wise. He waited for the stock price to rebound to a more ideal selling price."