Nvidia CEO Jensen Huang has wrapped up a significant sale of the company’s stock, cashing in over $700 million under a prearranged trading plan. Originally set to sell up to six million Nvidia shares by the end of Q1 2025, Huang met this target ahead of schedule after a series of transactions between June and September, according to a new regulatory filing. Despite these insider sales being conducted under the 10b5-1 plan, Nvidia shares still saw a 4% boost following the update, reflecting strong investor confidence. The chipmaker’s success has been fueled by its leading role in the artificial intelligence boom, with shares skyrocketing more than 140% this year.

Nvidia briefly crossed a $3 trillion market cap this year, solidifying its dominance in the market and greatly influencing broader investor sentiment. After these transactions, Huang retains 75.4 million Nvidia shares, along with 786 million additional shares through various trusts and partnerships. Nvidia continues to be a key player in the AI revolution, selling processors to tech giants like Microsoft, Meta, Alphabet, Amazon, and Oracle, powering groundbreaking services such as OpenAI’s ChatGPT.