The chipmaker has been the biggest beneficiary of the artificial intelligence boom, with shares rallying more than 140% this year. Nvidia briefly topped a $3 trillion market cap earlier this year, and its dominance has grown so big that it tends to influence the broader market and investor sentiment.<\/p>\n

Nvidia declined CNBC’s request for comment. <\/p>\n

Barron’s<\/a> first reported on the completion of Huang’s preplanned sales Tuesday.<\/p>\n

After the sales, Huang now holds 75.4 million Nvidia shares and another 786 million shares through different trusts and a partnership, according to a separate filing.<\/a> In the company’s latest proxy statement, Huang was listed as the company’s largest individual shareholder.<\/p>\n

Nvidia sells processors that are powering the generative AI boom and services such as OpenAI’s ChatGPT. The company counts Microsoft<\/a><\/span><\/span><\/span>,\u00a0Meta<\/a><\/span><\/span><\/span>,\u00a0Alphabet<\/a><\/span><\/span><\/span>,\u00a0Amazon<\/a><\/span><\/span><\/span>,\u00a0Oracle<\/a><\/span><\/span><\/span> as its main customers.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

Source: www.cnbc.com<\/p>\n","protected":false},"excerpt":{"rendered":"

Nvidia CEO Jensen Huang talks onstage with Salesforce CEO Marc Benioff during Salesforce’s Dreamforce on September 17, 2024 in San Francisco, California.\u00a0 Justin Sullivan | Getty Images News | Getty Images Nvidia CEO Jensen Huang is done selling the chipmaker’s stock for the time being, cashing in more than $700 million under a prearranged plan.…<\/p>\n","protected":false},"author":1,"featured_media":91135,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"WB4WB4WP_MODE":"","WB4WP_PAGE_SCRIPTS":"","WB4WP_PAGE_STYLES":"","WB4WP_PAGE_FONTS":"","WB4WP_PAGE_HEADER":"","WB4WP_PAGE_FOOTER":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[78],"tags":[],"class_list":["post-91134","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\n