Jensen Huang, co-founder and CEO of Nvidia Corp., will speak at a press conference in Taipei on May 21, 2025.
i-hwa cheng | AFP | Getty Images
nvidia CEO Jensen Huang sold 75,000 shares on Friday, valued at around $12.94 million, according to a filing with the Securities and Exchange Commission.
Friday's sale is part of a plan adopted by Huang in March to sell up to 6 million shares of the leading artificial intelligence company. Earlier this week, Huang sold 225,000 shares of the chipmaker, totaling about $37 million, according to another SEC filing. The CEO began trading stocks last month with each plan.
The surge in demand for graphics processing units that power AI and large language models has greatly improved Huang's net worth, pushing Nvidia's market capitalization to over $4 trillion, making it the world's most valuable company.
Nvidia announced this week that it hopes to resume sales of H20 chips to China soon, following a signal from the Trump administration to approve export licences. Earlier this year, US officials said Nvidia would need special permission to ship chips specifically designed for the Chinese market.
“The US government guarantees that NVIDIA will be licensed and Nvidia hopes to begin deliveries soon,” the company said in a statement Tuesday. Huang said at a press conference on Wednesday in Beijing that he would like to sell more advanced chips than H20 at one point.