Jensen Huang, the founder and chief executive officer of Nvidia Corporation, has commenced selling a portion of his extensive shareholding in the semiconductor powerhouse.
According to a recent filing with the U.S. Securities and Exchange Commission (SEC), Huang disposed of 100,000 shares over Friday and Monday, with the total value approaching $15 million based on Tuesday’s opening price.
This sale marks the initial phase of a larger share disposal programme that Huang announced in March, which permits him to sell up to six million Nvidia shares by the end of 2025. At current market valuations, this plan could generate proceeds of around $873 million. Despite this divestment, Huang remains the company’s largest individual shareholder, holding over 800 million shares.
Huang’s personal wealth is estimated at approximately $126 billion, placing him twelfth on the Bloomberg Billionaires Index. This recent transaction follows a similar sale last year, when he sold Nvidia shares worth about $700 million under a prearranged plan. Such systematic sales are typical among executives seeking to diversify their portfolios while maintaining involvement in their companies.
Nvidia’s share price has soared by more than 800% since December 2022, a surge largely driven by the public release of OpenAI’s ChatGPT. This event displayed the crucial role of Nvidia’s graphics processing units (GPUs) in powering artificial intelligence applications. GPUs are indispensable for training and running complex AI models, and Nvidia has reinforced its leadership by introducing two successive generations of AI-optimised GPU technology.
The company continues to experience strong demand for its chips, commanding a dominant position in the AI semiconductor market. Although Nvidia faces regulatory hurdles, particularly U.S. export controls that may restrict sales to certain foreign markets, its growth outlook remains robust. The company’s stock has risen by 9% so far this year, reflecting investor confidence in its technological edge and direction.
In its latest financial report, Nvidia disclosed first-quarter revenue of $44 billion, representing a 69% increase compared to the same quarter last year. This impressive growth shows Nvidia’s pivotal role in the expanding AI ecosystem and its ability to capitalise on the escalating demand for high-performance computing solutions.