Tech
Jensen Huang sells $12.94 million in Nvidia shares
Nvidia CEO Jensen Huang sells $12.94 million in shares as demand for AI drives company’s market value to $4 trillion
Nvidia CEO Jensen Huang sells $12.94 million in shares as demand for AI drives company’s market value to $4 trillion
– Nvidia CEO Jensen Huang sold 75,000 shares for about $12.94 million, part of a broader strategy.
– Nvidia plans to resume H20 chip sales to China, pending U.S. government export licenses.
Earlier this week, Huang also sold 225,000 shares for around $37 million. His stock trading commenced last month, influenced by the increasing demand for artificial intelligence and related technologies, propelling Nvidia’s market cap past $4 trillion.
Future Planning
Nvidia announced plans to resume sales of its H20 chips to China, contingent on forthcoming export licenses from the U.S. government. Previously, officials indicated that special permissions were required for such shipments, which are tailored for the Chinese market.
“The U.S. government has assured NVIDIA that licenses will be granted, and NVIDIA hopes to start deliveries soon,” the company stated.
Nvidia’s strategic moves indicate a robust response to market conditions and regulatory guidance.
