Nvidia Insiders Cash In on Rally as Share Sales Top $700 Million
- More than a third of sales came after Nvidia’s earnings in May
- Dollar value dwarfs other periods as the stock has soared
Nvidia headquarters in Santa Clara, California.
Photographer: Michaela Vatcheva/BloombergThis article is for subscribers only.
Nvidia Corp. insiders have sold shares worth more than $700 million this year as the stock continues to push deeper into record territory amid unrelenting demand for its chips.
Executives and directors have unloaded about 770,000 Nvidia shares so far, excluding the effect of the company’s 10-for-1 stock split on June 10 for the sake of comparison. That’s the most in a half year period since the first six months of 2023 when about 848,000 shares were sold, according to data compiled by the Washington Service.