The report

Ft: Nvidia insiders sold shares for over a billion as the stock soared on AI

People inside the Nvidia company sold shares worth over a billion dollars during the market surge, reports the Financial Times

1' min read

1' min read

Nvidia insiders have sold more than $1 billion worth of the company's stock in the past year, with recent trading activity increasing significantly as executives capitalised on investors' growing interest in artificial intelligence. The Financial Times reports.

More than $500 million in share sales took place this month, while the California-based chip company's share price reached an all-time high, according to the report.

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The CEO is also selling

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Jensen Huang, Nvidia's CEO, started selling shares this week for the first time since September, according to documents filed with the SEC.

Its latest gains reflect the US stock market's return to the 'artificial intelligence market', which has fuelled huge gains in chip stocks and related technology companies in recent years, thanks to optimism about emerging technology.

Nvidia did not immediately respond to a request for comment from Reuters.

Shares set a new record

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Nvidia shares hit a record high on Wednesday, and the chipmaker regained the title of the world's most valuable company after an analyst said the company is ready to ride the golden wave of artificial intelligence.

Nvidia shares recovered more than 60 per cent from their closing low on 4 April, when Wall Street was in shock over President Donald Trump's global tariffs announcements. US stocks, including Nvidia, recovered on expectations that the White House will reach trade agreements to ease tariffs.

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