NVIDIA’s President and CEO, Huang Jen-Hsun, sold 223,000 shares of company stock across three days late in September. The total value of these sales reached $40.2 million. The move unfolded under a pre–arranged Rule 10b5-1 trading plan adopted earlier in the year, enabling scheduled sales free of accusations of insider timing.
On September 25, Huang offloaded multiple tranches, including 4,643 shares at $173.847; 22,300 shares at $177.6469; and other lots in the $174–$179 range. On September 26, he sold 11,995 shares at $175.8988; 33,098 shares at $177.5395; and other blocks. On September 29, NVIDIA's CEO sold shares at higher prices: 36,296 shares at $181.8974; 24,558 shares at $182.9936; and 7,192 shares at $183.546.
After these transactions, Huang still holds about 71.23 million shares of NVIDIA common stock. The stock sales occurred as NVIDIA stock traded near its 52-week high of $184.55. At those levels, analysts observed that the stock traded above its fair value, even while the company posted stellar revenue growth of 71.55% over the past year.
Analyst sentiment remains positive. Barclays now sets its price target on NVIDIA at $240, citing continued demand for AI infrastructure. Mizuho continued to rate it as Outperform with a price target set at $205 due to the very heavy involvement of NVIDIA in AI and the company's $100 billion investment in OpenAI. This investment unlocks the conversion of up to 10 GW of AI data center capacity, which in itself consolidates the strategic importance of NVIDIA.
Other AI-related moves stirred interest. Nscale Global Holdings secured $1.1 billion from NVIDIA, Dell, and Nokia to expand AI data centers across Europe, North America, and the Middle East. At the same time, RedCloud Holdings joined NVIDIA’s Connect program to bolster its AI capacity in the FMCG sector.
The sale of $40.2 million worth of shares by Huang drew scrutiny, although it follows the pattern that had been observed over the past few months. His block trades are executed following a pre-arranged plan that limits further discretion and timing.
Given NVIDIA's surging valuation and its dominant position in the AI ecosystem, all sorts of investors and observers debated whether the transaction indicated profit-taking or strategic liquidity management.
Even after this sale, Huang remains among NVIDIA’s largest individual shareholders. The move underscores the balance between insider cashing out and confidence in long-term growth.
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