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Nvidia Director Sells Millions in Stock
18 Dec
Summary
- Director Harvey Jones sold over $44 million worth of Nvidia shares.
- The sale occurred on December 15, with shares priced at $177.33.
- Jones still holds over 7 million shares indirectly through a trust.
Nvidia director Harvey Jones recently divested a substantial portion of his holdings, selling over $44 million worth of company stock. The transaction occurred on December 15, when Jones disposed of 250,000 shares at an average price of $177.33 each. These shares were part of a long-term investment dating back to 1997.
Following this sale, Jones maintains a significant interest in the chip manufacturer, retaining more than 7 million shares indirectly through the H.C. Jones Living Trust. Nvidia, a leader in the semiconductor industry, has seen its market value soar due to the increasing demand for processors essential for artificial intelligence applications.
The company's stock has appreciated significantly this year, contributing to its current market capitalization of approximately $4.32 trillion. Nvidia has not provided a comment regarding the specifics of this stock sale.
