Reuters, June 29 - According to a report by the Financial Times, insiders at Nvidia (NVDA.O) have sold more than $1 billion worth of company stock over the past year, with recent trading activity significantly increasing as executives capitalize on investor interest in artificial intelligence (AI).
The report states that as the stock price of the California-based chip design company has surged to an all-time high, over $500 million worth of stock was sold this month.
Documents from the U.S. Securities and Exchange Commission show that Nvidia CEO Jensen Huang has also begun selling shares, marking the first time since September.
After an analyst claimed that the chip manufacturer would spark a &#34;golden wave&#34; of artificial intelligence, Nvidia's stock price hit an all-time high on Wednesday, and the company reclaimed its title as the world's most valuable enterprise.
The recent surge in the company's stock reflects a revival of &#34;AI trading&#34; in the U.S. stock market. In recent years, optimism surrounding this emerging technology has driven significant increases in chip stocks and related tech companies.
Nvidia did not immediately respond to Reuters' request for comment.
Nvidia's stock price has rebounded more than 60% from its closing low on April 4

NVDA

NVDL

07788

07388

NVDY

NVDD

NVDX

NVDQ

SOXL

Nvidia insiders have sold over $1 billion in stock over the past year, with trading activity significantly increasing recently. As the company's stock price reached an all-time high, over $500 million in stock was sold this month. CEO Jensen Huang has also begun selling shares, marking the first time since September. Nvidia's stock price has rebounded more than 60% from its low on April 4

- Nvidia insiders sold over $1 billion in company stock in the past year, with significant activity noted recently due to rising investor interest in artificial intelligence (AI).  
- This month alone, more than $500 million in stock was sold as Nvidia's share price reached an all-time high, with CEO Jensen Huang also selling shares for the first time since September.  
- The company's recent surge reflects a broader revival of "AI trading" in the U.S. stock market, contributing to a 60% rebound in Nvidia's stock since its closing low on April 4.

Reuters

NVIDIA

GraniteShares 2x Long NVDA Daily ETF

XL2CSOPNVDA

XI2CSOPNVDA

YieldMax NVDA Option Income Strategy ETF

Direxion Daily NVDA Bear 1X ETF

T-Rex 2X Long NVIDIA Daily Target ETF

T-Rex 2X Inverse NVIDIA Daily Target ETF

Direxion Semicon Bull 3X

Nvidia insiders sold over $1 billion in stock taking advantage of the market surge -- Financial Times