Nvidia CEO Jensen Huang sells an additional $12.94 million worth of shares

In a significant move, Nvidia's CEO Jensen Huang has sold 75,000 shares on Friday, amounting to approximately $12.94 million, as revealed in a filing with the U.S. Securities and Exchange Commission. This transaction is part of a broader strategy initiated in March, which allows Huang to divest up to 6 million shares of the prominent artificial intelligence firm. Earlier this week, Huang made headlines by selling 225,000 shares worth around $37 million, according to another SEC filing. His stock sales began last month as part of this pre-established plan. The surge in demand for artificial intelligence technologies and the essential graphics processing units that drive advanced language models have significantly increased Huang's wealth and propelled Nvidia's market valuation beyond $4 trillion, establishing it as the world's most valuable company. In related news, Nvidia announced that it anticipates resuming sales of its H20 chips to China soon, following indications from the Trump administration that export licenses would be granted. Earlier this year, U.S. officials mandated that Nvidia would require special permissions to ship these chips, designed specifically for the Chinese market. "The U.S. government has assured NVIDIA that licenses will be granted, and NVIDIA hopes to start deliveries soon," the company stated on Tuesday. During a news conference in Beijing, Huang expressed his ambition to eventually sell even more advanced chips than the H20 to China.