Nvidia CEO Jensen Huang has sold 300,000 company shares worth nearly $50 million this week, CNBC reported citing filings with the U.S. Securities and Exchange Commission (SEC), as the chipmaking giant continues to dominate the AI race and prepares to resume chip shipments to China.
On Friday, Huang offloaded 75,000 shares valued at approximately $12.94 million, part of a pre-arranged trading plan adopted in March that allows him to sell up to 6 million shares of the tech powerhouse. Earlier in the week, he sold 225,000 shares for around $37 million, bringing his total proceeds this week to nearly $50 million, the CNBC report added.
The planned sales come amid an explosive surge in demand for Nvidia’s graphics processing units (GPUs), the hardware backbone of large language models and artificial intelligence platforms. This AI-fueled rally has catapulted Nvidia's market capitalisation to over $4 trillion, making it the world’s most valuable publicly traded company and significantly increasing Huang’s personal wealth.
In parallel, Nvidia confirmed it expects to resume sales of its H20 AI chips to China, following recent indications from the Trump administration that it would greenlight export licenses. The H20 chips, custom-built to comply with U.S. export controls, were previously held up due to regulatory restrictions aimed at limiting China’s access to advanced semiconductors.
“The U.S. government has assured NVIDIA that licenses will be granted, and NVIDIA hopes to start deliveries soon,” the company said in a statement on Tuesday.
During a news conference in Beijing on Wednesday, Huang reiterated his commitment to the Chinese market, stating that he hopes to eventually sell chips more advanced than the H20 to China.
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