Nvidia CEO Cashes In Millions as AI Demand Soars

In recent weeks, Nvidia CEO Jensen Huang has been taking advantage of the company's soaring stock price and market capitalization. Earlier this week, Huang sold 225,000 shares of the leading AI chipmaker, totaling around $37 million. This comes as part of a plan Huang adopted in March to sell up to 6 million Nvidia shares.

The surge in demand for AI and the graphics processing units that power large language models has significantly boosted Huang's personal net worth and pushed Nvidia's market cap beyond $4 trillion, making it the world's most valuable company. Nvidia also announced this week that it expects to resume sales of its H20 chips to China soon, following signals from the Trump administration that it would approve the necessary export licenses.

Looking ahead, Huang revealed on Wednesday that he wants to sell even more advanced chips than the H20 to the Chinese market at some point in the future. The company stated that the U.S. government has assured Nvidia that the required licenses will be granted, and Nvidia hopes to start deliveries of the H20 chips to China soon.