Comment on Nvidia stock jumps on report CEO Jensen Huang is done selling shares after $713 million windfall

Nvidia stock jumps on report CEO Jensen Huang is done selling shares after $713 million windfall

Slaven Vlasic/Getty Images for The New York Times; Chelsea Jia Feng/BINvidia stock closed 4% higher on a report that CEO Jensen Huang is done selling shares.Huang raked in $713 million in total proceeds from the sales.He remains Nvidia's biggest shareholder.Nvidia shares climbed as much as 5% on Tuesday as Barron's reported CEO Jensen Huang is done with planned sales of stock.Huang has reached the 6-million-share maximum threshold he's permitted to sell under a prearranged plan adopted in March.

 

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