Nvidia executives cash out over $1 billion worth of stock

According to a report by the Financial Times cited by Jin Shi, insiders at Nvidia (NVDA. O) have sold over $1 billion of the company's stock in the past 12 months. With executives taking advantage of the AI investment boom to cash out, trading volume has surged recently. More than $500 million worth of stocks were sold this month, as the stock price of this California chip design company climbed to a historic high. Previously, investors heavily increased their holdings of Nvidia stocks, betting on a surge in demand for artificial intelligence chips, making it the world's most valuable company by market value. Prior to this stock price increase, Nvidia had experienced a turbulent year: trade tensions and breakthroughs in AI by other countries had threatened its product demand. CEO Huang Renxun launched his first stock sale since September last year this week. Nvidia stated that all of Huang Renxun's sales activities follow the pre-set transaction plan formulated in March, which has already determined the price and date for triggering the sale in advance. Huang Renxun still holds the vast majority of his shares in Nvidia. Ben Silverman, Vice President of Research at VerityData, commented, "When the stock price fell in the first quarter, he (Huang Renxun) didn't sell, which was very wise. He waited for the stock price to rebound to a more ideal selling price