Jensen Huang, the chief executive of Nvidia, has recently sold around $12.94 million worth of company shares, according to filings with the U.S. Securities and Exchange Commission.
This sale is part of a pre-arranged plan established in March, which allows Huang to sell up to 6 million shares over time.
Earlier the same week, he sold another large tranche for approximately $37 million, bringing the week’s total close to $50 million. These scheduled sales use a standard mechanism to ensure adherence to financial regulations and to avoid concerns around insider trading.
Nvidia’s exceptional growth is closely linked to the booming demand for artificial intelligence, which has driven its market valuation briefly above $4 trillion and has notably boosted Huang’s personal wealth. The company’s key role in AI and data processing has firmly established it as a leader in global technology markets.
Meanwhile, changes in U.S. export policy are expected to permit Nvidia to resume the sale of its H20 chips to China, a crucial market for the firm.
“The U.S. government has assured NVIDIA that licenses will be granted, and NVIDIA hopes to start deliveries soon,” the company said.
During a recent appearance in Beijing, Huang also stated he “wants to sell chips more advanced than the H20 to China at some point.”