Michael M. Santiago
- Nvidia (NASDAQ:NVDA) CEO Jensen Huang has sold another 240,000 shares of company stock for $30.7M, according to an SEC filing.
- Prices for the shares ranged from $125.91 to $130.33. They were sold in a series of sales made on July 5 and July 8.
- Huang sold the shares through a 10b5-1 trading plan that was adopted in March.
- This follows a series of sales in late June and early July of 1.3M shares for about $169M.
- Huang still owns more than 79M shares of Nvidia stock.
- Nvidia has thrived as it produces the most coveted CPUs and GPUs powering the artificial intelligence revolution. Share prices for the tech giant have rocketed by 165% since Jan 1. They have increased about 11% since the company’s 10-for-1 stock split occurred on June 7 after the markets closed.
- Nvidia’s market cap towers at $3.23T after it closed up 2.5% on Tuesday. It only trails fellow Magnificent Seven members Microsoft (MSFT) at $3.42T and Apple (AAPL) at $3.51T.