NVIDIA CEO Jensen Huang further reduced his holdings, cashing out $38 million

Against the backdrop of the company's market value reaching the top globally, Jensen Huang continues to reduce his holdings.

According to documents from the U.S. Securities and Exchange Commission (SEC), on July 15, NVIDIA CEO Jensen Huang sold 225,000 shares of NVIDIA stock at an average transaction price of $171.49, worth approximately $38 million. This sale is part of a pre-established trading plan set in March this year, which allows Huang to sell up to 6 million shares of the company.

Wallstreetcn previously mentioned that the most recent transaction disclosed last Friday also involved the sale of 225,000 shares, valued at approximately $36 million. Since the execution of this year's trading plan began last month, Huang has cumulatively sold 1.2 million shares through multiple transactions, totaling approximately $190 million.

While Huang is reducing his holdings, NVIDIA's external operating environment has also undergone significant changes. This week, according to CCTV reports, NVIDIA announced plans to soon resume sales of its H20 chips to China. Previously, the Trump administration signaled that it would approve the relevant export licenses.

This development is a significant victory for NVIDIA. As of Wednesday's market close, NVIDIA's stock price rose by 0.4% to $171.37, with a market value close to $4.2 trillion.

Key Progress in Chip Sales to China

While insider trading is taking place, positive news has also emerged on NVIDIA's business front. In a statement on Tuesday, the company said:

The U.S. government has assured NVIDIA that it will issue licenses, and NVIDIA hopes to begin deliveries soon.

This refers to the H20 chips specifically designed for the Chinese market. Earlier this year, the U.S. government required NVIDIA to obtain permission to ship this series of chips. This turnaround is crucial for NVIDIA, as it means a partial recovery of its business in the Chinese market.

According to Wallstreetcn, Jensen Huang stated at the Chain Conference in Beijing on Wednesday that he hopes to sell chips more advanced than the H20 to China at some point in the future.

Additionally, Huang opened the Chain Conference with a speech in Chinese for the first time and notably changed out of his signature black leather jacket into a traditional Chinese Tang suit.

This detail is also seen as a symbol of his emphasis on the Chinese market, further highlighting the long-term strategic significance of the Chinese market for NVIDIA