Nvidia CEO sells shares worth over $28 million

Nvidia Corp (NASDAQ:NVDA ) President and CEO Jen-Hsun Huang has disposed of company shares valued at more than $28 million, according to a recent regulatory filing. The transactions, which occurred on September 12 and 13, 2024, involved multiple sales at varying prices.


On September 12, Huang sold shares in a range of $115.8235 to $120.2905. The sales were executed under a pre-arranged trading plan, which is often used by corporate insiders to sell shares over a determined period of time to avoid concerns about insider trading.


The filing with the Securities and Exchange Commission showed that Huang sold a total of 1296 shares at an average price of $115.8235, 7818 shares at $116.5917, 12474 shares at $117.501, 28767 shares at $118.5941, 51208 shares at $119.4302, and 18437 shares at $120.2905 on the first day. The following day, additional sales included 539 shares at an average price of $117.8956, 64318 shares at $118.7759, and finally, 55143 shares at $119.2616.


The sales are part of routine transactions made by corporate executives, which are disclosed to the public to ensure transparency. Huang's remaining direct ownership in Nvidia following these transactions amounts to tens of millions of shares, indicating a continued significant investment in the company he co-founded.


Investors often watch insider sales for signals about executives' confidence in their company's prospects, but such sales do not necessarily indicate a change in corporate fundamentals. The timing and reasons for Huang's sales are in line with common practices for executives' personal asset management.


Nvidia has not made any official statement regarding these transactions, and it is worth noting that insider trading activity is a routine occurrence within publicly traded companies.



In other recent news, Nvidia has been making significant waves in the market with a robust demand for its chips, contributing to a 140% increase in its stock this year. This surge has had a substantial impact on the S&P 500's performance, with Nvidia constituting 44% of the index's increase on a particular day, according to data from Nomura. Despite this, investors have expressed concern over the outsized impact a small group of stocks, including Nvidia, can have on market direction.


On a different note, OpenAI, known for its ChatGPT technology, is in the midst of a significant funding round that could push its valuation to $150 billion, contingent on its ability to restructure and eliminate a profit cap for investors. The AI firm's rapidly growing revenue has attracted strong interest from investors, including existing ones like Thrive Capital, Khosla Ventures, and Microsoft (NASDAQ:MSFT ), as well as potential new investors such as Nvidia and Apple (NASDAQ:AAPL ).


In other recent developments, the European stock markets experienced a significant uplift, with technology stocks leading the surge. This jump was partly due to a report indicating that the U.S. government might allow Nvidia to export advanced chips to Saudi Arabia. Meanwhile, global markets are experiencing a lift, particularly in tech stocks, as investors show renewed interest, notably in Nvidia, contributing to a broader Asian market rally.
InvestingPro Insights


Amidst the recent insider trading activity by Nvidia's CEO, investors and analysts are keen to understand the company's current financial standing and future prospects. According to InvestingPro data, Nvidia has a robust market capitalization of $2.86 trillion, reflecting its significant presence in the industry. With a high P/E ratio of 54.12, it's clear that investors are expecting high future earnings relative to the current share price. Moreover, Nvidia's revenue has grown impressively, with a staggering 194.69% increase over the last twelve months as of Q2 2025.


InvestingPro Tips suggest several positive indicators for Nvidia. The company boasts a perfect Piotroski Score of 9, which implies excellent financial health. Additionally, analysts are optimistic about Nvidia's sales growth in the current year, with 30 analysts having revised their earnings estimates upwards for the upcoming period. This consensus suggests confidence in Nvidia's ability to continue its growth trajectory. Furthermore, Nvidia's gross profit margins remain impressive at nearly 76%, underscoring its ability to maintain profitability despite market fluctuations.


For investors seeking further insights, InvestingPro offers additional tips on Nvidia. The platform lists a total of 22 more InvestingPro Tips that provide a deeper dive into the company's financial metrics, stock performance, and industry standing. These insights are available at https://www.investing.com/pro/NVDA and can offer valuable information for making informed investment decisions.

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Source: Investing.com