Nvidia insiders have sold more than $1 billion worth of company stock over the past year, with selling accelerating sharply this month as executives cash in on surging investor interest in artificial intelligence, the Financial Times reported Sunday.
Over $500 million in shares were sold just in June, coinciding with Nvidia’s stock climbing to an all-time high. CEO Jensen Huang resumed selling shares this week for the first time since September, according to SEC filings.
On Wednesday, Nvidia’s stock hit a record, briefly reclaiming the title of the world’s most valuable company after an analyst predicted a “Golden Wave” of AI growth would propel the chipmaker even higher.
The sales come as U.S. markets return to the AI-fueled rally that has driven massive gains for chip and tech stocks in recent years.
Nvidia shares have surged more than 60% since April 4, when markets were rattled by President Donald Trump’s global tariff threats. Investors have since regained confidence, betting on potential trade deals to ease tensions.
Nvidia did not immediately respond to Reuters’ request for comment.