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Finance Systems > Entrepreneur > Nvidia CEO Jensen Huang Sells File $169 Million in Inventory
Entrepreneur

Nvidia CEO Jensen Huang Sells File $169 Million in Inventory

July 7, 2024 3 Min Read
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Nvidia CEO Jensen Huang Sells Record $169 Million in Stock
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In case you’ve invested in AI chip maker Nvidia, how have you learnt when to promote?

Nvidia CEO Jensen Huang made his first share sale of the yr in June, cashing in 1.3 million shares to web $169 million, essentially the most he is gained to this point in a single month, Bloomberg reported on Wednesday.

Factoring in June’s sale, Huang has gained near $1.1 billion from promoting inventory since January 2020. He isn’t performed but, with U.S. Securities and Change Fee filings displaying that he intends to maintain cashing on this month.

As of June, Huang had a 3.8% stake in Nvidia, or over 934 million shares, making him the corporate’s largest particular person stockholder. Nvidia CEO Jensen Huang in March 2024. (Photograph by Justin Sullivan/Getty Pictures)

From the beginning of this yr, Nvidia executives and administrators have bought shares collectively value greater than $700 million, per Bloomberg.

Nvidia has seen over 3,000% inventory development up to now 5 years, which can have elevated multiple long-term worker to “semi-retired” standing based mostly on inventory grants alone.

Associated: Workers Who Labored at This Firm for the Previous 5 Years Are Now Multi-Millionaires in ‘Semi-Retirement’

Nvidia briefly turned essentially the most worthwhile firm on this planet in mid-June, with a market cap increased than $3 trillion.

Nvidia’s inventory is not all the time secure, although. Final week, shares dropped 16%, and the corporate misplaced greater than $500 billion in market cap over three buying and selling days. The loss was greater than all the market cap of Samsung or Costco.

Nvidia inventory rebounded, and its valuation, nonetheless over $3 trillion on the time of writing, is now solely surpassed by Microsoft and Apple.

“The large query individuals have on this inventory proper now’s simply sustainability,” Bernstein Analysis senior analyst Stacy Rasgon advised The Hill on Friday. “It is simply the numbers have gotten so huge, so rapidly, that you have to surprise, can they proceed?”

Associated: Nvidia CEO Jensen Huang Reveals His Competitors Technique

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