NVIDIA executives have sold more than a billion dollars of the company for more than a billion in the past year, with a significant acceleration of recent transactions while managers benefit from the growing enthusiasm for artificial intelligence, reports the Financial Times.
According to the British daily newspaper, more than $ 500 million in these stock sales took place this month, while the price of the title of the Californian flea designer reached a historic summit.
Jensen Huang, the CEO of Nvidia, started this week to sell shares for the first time since September, according to a declaration filed with the SEC.
The NVIDIA action broke a record on Wednesday, allowing the flea manufacturer to become the most valued company in the world again after an analyst said that the group was going to take advantage of a “golden wave” of artificial intelligence.
The latest NVIDIA performance reflects the return of the American stock market to the “bet IA”, which has fueled in recent years the outbreak of technological values and semiconductor manufacturers, against the backdrop of optimism around this emerging technology.
Nvidia did not immediately respond to a request for comment from Reuters.
The title NVIDIA has rebounded over 60 % since its closing floor of April 4, while Wall Street was shaken by the announcements of the world’s customs tariffs of President Donald Trump. American actions, including NVIDIA, have rectified in the hope that the White House will reach trade agreements to mitigate these tariff measures.
