Nvidia’s Jensen Huang is selling 100K shares as part of its $870 million plan
Joe Fahmy, president of Zor Capital Investment Advisory, discusses technical indicators that predict the momentum of the stock market when making money.
Nvidia CEO Jensen Fan It disclosed the sale of 100,000 shares of the company on Friday and Monday, according to filings with the Securities and Exchange Commission (SEC).
Huang’s stock sales were valued at approximately $15 million, with the stock trading between $142.50 and $145.63 during the trading sessions on Friday and Monday.
The share sales are part of plans revealed by Huang and Nvidia in their latest quarterly filing, allowing him to sell up to 6 million shares by the end of 2025.
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Nvidia CEO Jensen Huang, according to disclosures filed with the SEC. (Patrick T. Fallon / AFP GIT Getty Images / Getty Images)
Trading plans, such as those used by Huang, known as the 10B5-1 plan, allow executives and investors with large interests in a particular company to disclose potential sales without surpriseing the market or viewing the transaction as a shock.
| Ticker | safety | last | change | change % |
|---|---|---|---|---|
| NVDA | Nvidia Corp. | 147.90 | +3.73 |
+2.59% |
Nvidia has been booming over the past few years Artificial Intelligence (AI)Just as companies design cutting edge AI chips.
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Nvidia’s business is booming amid the rise of AI thanks to its advanced chips. (kio kut / bloomberg bygetty Images / gettty Images)
Huang said in a February interview with Fox Business Network:Kraman Countdown“The adoption of AI is “incredibly fast” in what he described as “a company building core technology builders, model builders and consumer AI.”
Earlier this year, Nvidia announced its plans Manufacture AI Supercomputers In the US, there are advanced blackwell chips made from Arizona and AI supercomputers at Texas facilities.
Nvidia’s shares have risen by more than 6.5% so far, almost 25% over the past year.
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Over the past five years, Nvidia’s Stock price It rose above 1,510% due to the wider adoption of AI technology.