Nvidia (NVDA) CEO Jensen Huang concluded a planned sale of more than $700 million worth of company sto🎀ck, regulatory filings Tuesday showed. ꧒;

Huang had previously announced his intention to sell as many as 6 million shares of Nvidia by the first quarter of 2025 under the Securities and Exchange Commission’s (SEC's) 澳洲幸运5官方开奖结果体彩网:10b5-1 rule, which allows insiders to set up a trading plan for selling stocks. He reached that limit months ahead of the plan's expiration, with the sale of 120,000 shares worth nearly $14.3 million, according to an SEC filing.

The CEO still holds 75.4 million Nvidia shares directly and another 786 million through various trusts and a partnership, according to another filing.

Shares of Nvidia closed nearly 4% higher at $120.87 Tuesday. They've more than doubled in value since the start of the year amid booming demand for the company's chips to support 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI).