Nvidia CEO Jensen Huang sells another $37 million in stock as China chip sales resume

Nvidia CEO Jensen Huang has sold an additional 225,000 shares of the chipmaker, amounting to approximately $37 million, as reported in a US Securities and Exchange Commission filing. A report said that this sale is part of a prearranged plan, adopted in March, allowing Huang to sell up to 6 million shares of the US-based GPU and artificial intelligence (AI)-chipmaking company.

Huang began trading stock last month, and his most recent transaction, disclosed last Friday, also involved 225,000 shares, valued at around $36 million.