Nvidia CEO Jensen Huang Sells $713 Million in Stock, Shares Rally 4%

Sep 24, 2024, 04:06 PM

Nvidia CEO Jensen Huang has sold $713 million worth of Nvidia stock, completing a planned sale of 6 million shares. This move has caused Nvidia's stock to rally, with shares rising nearly 4% and the company's market capitalization increasing by $112 billion. The stock is now trading at a three-week high, back above $120. Huang's decision to halt further sales after hitting a preset plan limit has been seen as a positive signal by the market, leading to a significant increase in Nvidia's valuation, which is approaching $3 trillion once again.