NVIDIA CEO cashes out $700 million as demand for artificial intelligence soars, doubling stock price this year
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NVIDIA CEO Jensen Huang sold over $700 million worth of stocks between June 13 and September 12, completing a 6 million share selling plan set under SEC 10b5-1 rules ahead of schedule. Despite the sales, NVIDIA's stock price rose due to increased demand, closing up nearly 4% on Tuesday to $120.87, doubling since the beginning of the year. Huang still holds 75.4 million shares of NVIDIA
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