NVIDIA CEO Jensen Huang has sold company shares worth more than $1 billion since June — part of a massive pre-planned transaction. The arrangement to unload as many as six million shares by the end of 2025 concluded with a final sale of 25,000 shares on Friday. The development came soon after the semiconductor giant became the first public company to reach a market capitalization of $5 trillion on Wednesday.
According to a Bloomberg report, the stock had been worth approximately $865 million when Huang started selling in late June. It has since climbed more than 40% as growing demand for artificial intelligence processors sent NVIDIA skyrocketing. The publication indicated that he had sold more than $2.9 billion in NVIDIA stock since 2001 and currently held a 3.5% in the company. Huang had also donated shares worth more than $300 million to his foundation and a donor-advised fund earlier this year.
Huang also announced $500 billion in AI chip orders and plans to build seven supercomputers for the US government this week. The businessman had walked a fine line between praising President Donald Trump and risking further antagonism of China while addressing the first Nvidia developers’ conference held in Washington. Huang said the artificial intelligence chip leader will build seven new supercomputers for the U.S. Department of Energy and had $500 billion in bookings for advanced chips, but also lamented that the Chinese government has shut it out of its market.
Record-setting market run
The tech company added around $500 billion in market value over the past month — jumping 11% to become the first company with a $5 trillion valuation. The Silicon Valley chipmaker had also been the first to break through the $4 trillion barrier earlier this year. A ravenous appetite for its chips has driven the NVIDIA stock price since early 2023, and it took merely three months for the company to add a trillion dollars in value. Regulatory filings and calculations by Reuters suggested on Wednesday that the stake held by Huang was worth approximately $179.2 billion.
