Core Insights - Nvidia's CEO Jensen Huang has completed a significant pre-planned stock sale, offloading over $1 billion worth of shares since June, fulfilling a plan to sell up to six million shares by year-end [1][2] - The stock sold by Huang was initially valued at $865 million, but due to a 40% increase driven by demand for AI processors, the final sale value exceeded $1 billion [2] - Nvidia reached a $5 trillion market value, becoming the first company to do so, and has created three new billionaires this year, including board member Brooke Seawell [3] Company Performance - Huang's net worth has increased to $175.7 billion, gaining $61.3 billion this year, while he retains a 3.5% stake in Nvidia after selling over $2.9 billion of stock since 2001 [4] - Nvidia insiders, including Huang, sold nearly $1.5 billion of stock through Q3, with total insider sales in 2024 exceeding $2 billion, a significant increase from $462 million in 2023 [6] Industry Trends - The AI boom has led to a wave of insider selling, with Arista Networks CEO Jayshree Ullal selling $861 million of stock, ranking just behind Amazon's Jeff Bezos in insider sales [5] - Nvidia has been a standout in wealth creation during the AI surge, with seven billionaires emerging from the company, including Huang [6] - Nvidia board member Tench Coxe and director Mark Stevens have also joined the ranks of the world's wealthiest, with net worths of $7.5 billion and $12.5 billion, respectively [7]

Core Insights - Jensen Huang, CEO of Nvidia, completed a pre-planned stock sale, unloading over $1 billion worth of shares since June, with the final sale of 25,000 shares reported recently [10][11] - Nvidia's stock value increased over 40% since Huang began selling, reaching a market value of $5 trillion, making it the first company to achieve this milestone [10][11] - Nvidia has created three new billionaires this year, including board member Brooke Seawell, as the stock surged [10][11] Stock Sales and Wealth Creation - Huang's stock sales were part of a plan initiated in March to sell up to 6 million shares by year-end, starting with a stock value of approximately $865 million [10][11] - Nvidia insiders, including Huang, sold nearly $1.5 billion worth of stock through the third quarter, with total insider sales exceeding $2 billion in 2024, a significant increase from $462 million in 2023 [6][11] - The company has produced seven billionaires among its ranks, highlighting an unprecedented level of wealth creation in the tech industry [6][11] Executive Wealth - Nvidia's CFO Colette Kress and executive vice president Jay Puri each gained net worths of about $1.2 billion recently [7][11] - Board member Tench Coxe has a net worth of $7.5 billion, while fellow director Mark Stevens has a fortune of $12.5 billion, largely from Nvidia stock [8][11] - Brooke Seawell, the newest billionaire from Nvidia, confirmed a net worth of $1.1 billion [9][11]

Nvidia was on the verge of becoming the first company worth $5 trillion on Tuesday after the heavyweight chipmaker said it had $500 billion in bookings for its artificial intelligence processors and t... ...