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Huang Sells Stock As Nvidia Value Hits $4tn

  • Nvidia's CEO Jensen Huang sold $36.4 million in company stock following the company's $4 trillion market value milestone.
  • Huang had previously agreed to sell up to six million Nvidia shares this year and sold the first tranche in June totaling about $15 million.
  • Nvidia's market valuation surpassed $4 trillion as its shares rose, driven by optimism around AI technology despite economic turmoil.
  • Nvidia's chips dominate the AI accelerator market, contributing to its significant growth, with total revenues of $44.1 billion reported in the first quarter.

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