According to FactSet data, Huang is Nvidia’s largest individual shareholder, with a stake of about 3.5% of the company’s outstanding shares as of Aug. 9.
Nvidia Corp CEO, Jensen Huangsold more than 5 million shares of the chipmaker in recent months, totaling approximately $633.1 million, according to a new document that was released on Friday.
According to a filing Thursday with the Securities and Exchange Commission, Huang sold nearly 5.3 million shares, in batches of 120,000 shares each, in a series of transactions between June 13 and Sept. 4.
The sales were part of a Rule 10b5-1 trading plan established earlier this year to sell up to 6 million shares by March 31, 2025. According to FactSet data, Huang is Nvidia’s largest individual shareholder, with a stake of about 3.5% of the company’s outstanding shares as of Aug. 9.
Huang has an estimated personal fortune of $94.2 billion, up about $50 billion so far this year, according to the Bloomberg Billionaires Index, which ranks him as the world’s 18th richest person.
Nvidia (NVDA) stock is up 116% year-to-date and 132% over the past 12 months, fueled by the rise of AI thanks to its chips. However, recently, the stock has fallen 11% over the past three months.
Nvidia’s dominant position
Despite recent weakness, Nvidia shares have more than doubled so far this year on rising demand for its AI chips.
Nvidia currently controls more than 80% of the market for AI chips for data centers, but argues that its success is based on the merit of its products, highlighting their performance and the value they provide to customers, who have the freedom to choose between different solutions.
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Although no formal charges have been filed, analysts point out that such investigations, as seen in the past with large corporations such as Microsoft or Alphabet, tend to drag on for a long time and do not have a significant impact on the stock price in the long term.
In the short term, however, they warn that the news flow could generate volatility in the value of the shares, so it is important to closely monitor any developments in the case.
Source: Ambito
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