Sign up to save tools and stay up to date with the latest in AI
bg
bg
1

Nvidia insiders have sold over $700 million worth of stock this year

Jun 18, 2024 - qz.com
Nvidia executives and directors have sold approximately 770,000 shares of the company in 2024, not including its 10-for-1 stock split in June. The company's stock has increased by around 176% this year, surpassing previous periods, including the first half of 2023 when insiders sold about 848,000 shares. This is the most sold in a half-year period since then. Nvidia's Hopper chips, used for training and inferencing some of the world's most powerful AI models, have helped the company become the first chipmaker to reach a $2 trillion market cap in February, before crossing $3 trillion earlier this month.

In May, Nvidia reported a record first-quarter revenue of $26 billion for fiscal year 2025, up 262% from the previous year. The company's stock price opened above $1,000 after its first-quarter earnings report. Nvidia's CEO, Jensen Huang, announced the successors to its chip, Blackwell, the Blackwell Ultra chip for 2025, and next-generation AI chip platform, Rubin, coming in 2026. Huang stated that Nvidia plans to announce new chips on a "one-year rhythm."

Key takeaways:

  • Nvidia's executives and directors have sold about 770,000 shares of the company this year, not including its 10-for-1 stock split, with the company's stock rising around 176% this year.
  • The company reported record first-quarter revenue of $26 billion for fiscal year 2025, up 262% from the previous year, and its stock price opened above $1,000 after the report.
  • Nvidia's Hopper chips have propelled the company to become the first chipmaker to reach a $2 trillion market cap, and it's now the third-most valuable company in the world behind Microsoft and Apple.
  • Nvidia plans to start shipping its new chip, Blackwell, in the second quarter of this year, and its successors, the Blackwell Ultra chip for 2025 and next-generation AI chip platform, Rubin, in 2026.
View Full Article

Comments (0)

Be the first to comment!