Nvidia insiders have sold more than $1bn of the company’s stock over the past 12 months including a recent surge in trading as executives cash in on investors’ enthusiasm for artificial intelligence.
More than $500mn of the share sales took place this month as the California-based chips designer’s share price climbed to a record high.
Investors have piled back into the stock, making it the world’s most valuable company as they bet on huge demand for chips to power AI applications. The price rise comes after a turbulent year in which Nvidia was knocked by US-China trade tensions and Chinese AI breakthroughs that threated demand for its products.
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