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SANTA CLARA, CALIFORNIA — Nvidia insiders have collectively sold more than $1 billion worth of stock over the past year, according to an in-depth report by the Financial Times, raising questions among investors about the timing and motives behind these large disposals.

Roughly $500 million of those sales occurred in just the past month, a period when Nvidia’s share price surged to fresh all-time highs, buoyed by strong market momentum and enthusiasm surrounding artificial intelligence and robotics.

Despite ongoing concerns about U.S. export controls on AI chip sales to China and other geopolitical pressures, Nvidia’s stock has risen over 17% in 2025 alone, and more than 44% in the past three months.

Jensen Huang Leads the Selloff

The insider transactions include significant sales from Nvidia’s co-founder and CEO Jensen Huang, whose recent filings show he sold about $15 million worth of shares last week. These were part of a prearranged stock sale plan first disclosed in March, under which Huang could sell up to 6 million shares by the end of the year — a potential windfall exceeding $900 million.

In 2024, Huang offloaded over $700 million in Nvidia stock, capitalizing on the company’s meteoric rise fueled by the AI boom. Huang, whose net worth now stands at $138 billion, ranks 11th on the Bloomberg Billionaires Index.

A spokesperson for Nvidia declined to comment on the report.

Stock Hits Records Despite Insider Activity

Nvidia’s stock remained resilient even as these insider sales made headlines. The chipmaker’s shares not only hit a new record high last week but also logged five consecutive days of gains, driven in part by investor optimism following its annual shareholder meeting.

During the meeting, Huang emphasized that robotics will be Nvidia’s next major growth frontier, a signal that the company is diversifying beyond its AI leadership.

The strong performance helped Nvidia briefly reclaim its spot as the world’s most valuable publicly traded company, surpassing Microsoft and Apple with a market cap nearing $3.3 trillion.

Insider Sales Trigger Market Chatter

The Financial Times report cites data from VerityData, a firm that tracks insider trading activity. According to the firm, the latest round of selling was likely triggered by Nvidia’s stock price surpassing the $150 threshold, which activated preset sale instructions.

While insider sales aren’t inherently negative — especially when executed under scheduled trading plans — the sheer volume of recent activity has caught the attention of analysts and institutional investors.

“It’s not unusual for executives to cash out after a massive run-up, especially under 10b5-1 plans,” said Michael Farr, a market strategist at Farr, Miller & Washington. “But it does raise questions about valuation and whether insiders believe the current momentum is sustainable.”

Broader Investor Sentiment Remains Upbeat

Despite the insider activity, institutional interest in Nvidia remains strong. Wall Street analysts have largely maintained bullish price targets, betting on the company’s dominance in AI chips, data center hardware, and its expanding portfolio in robotics, autonomous vehicles, and gaming.

As of this week, Nvidia’s stock is trading at a forward P/E ratio of 48, far above historical norms but still justified, according to some analysts, by its projected 50%+ year-over-year revenue growth.

“You don’t see a trillion-dollar tech firm moving with this kind of velocity often — it’s a generational company riding a multi-decade wave,” said Sarah Young, tech analyst at Bernstein.

Outlook: Is the Rally Sustainable?

The magnitude of insider selling may prompt near-term caution among retail investors, especially as Nvidia approaches earnings season and potential regulatory hurdles in global markets. However, as long as demand for AI infrastructure continues to accelerate, analysts say Nvidia remains one of the most strategically important and investable companies in the world.