Nvidia CEO Sells 100,000 Shares of Company Stock

Huang sold 100,000 Nvidia shares between June 20 and 23 bringing in nearly $15 million at an average price of $144.04 per share.

Transcript

00:00NVIDIA CEO Jensen Wong sold 100,000 shares of his company between June 20th and 23rd,

00:06bringing in nearly $15 million at an average price of $144.04 a share.

00:12It represents the first sale under his new March-established plan

00:16to offload a total of 6 million shares by the end of 2025.

00:20Despite the sale, he continues to hold a massive equity stake,

00:24more than 75 million shares personally,

00:26and an additional $783 million through trusts and partnerships.

00:31NVIDIA stock has outperformed the broader S&P 500,

00:35climbing 7% year-to-date versus the market's gain of 3.2%.