Nvidia CEO may stop selling shares after hitting preset plan limit.

Nvidia CEO may stop selling shares after hitting preset plan limit.
Nvidia CEO may stop selling shares after hitting preset plan limit.

Jensen Huang, CEO of the chipmaker, has ceased selling his stock for the time being, resulting in a gain of over $700 million through a predetermined plan.

In June and September, Huang, a 61-year-old executive, sold 6 million Nvidia shares, exceeding the threshold of the trading plan he adopted in March 2021 by months.

Despite being sold under a 10b5-1 plan, Nvidia shares experienced a 4% increase in trading after the update on Tuesday.

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Nvidia has experienced significant growth in its shares, with a 140% increase this year, and its market dominance has expanded to the point where it influences the broader market and investor sentiment.

Nvidia declined CNBC's request for comment.

Barron's first reported on the completion of Huang's preplanned sales Tuesday.

Huang now owns 75.4 million Nvidia shares and another 786 million shares through different trusts and a partnership, making him the company's largest individual shareholder, according to a separate filing.

Nvidia's processors are driving the growth of generative AI and its clients include OpenAI's ChatGPT. Its top customers are , , , , .

by Yun Li

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