Thursday, July 31, 2025

Creating liberating content

HSBC initiated its coverage of Ather Energy with a buy

NEW DELHI: Govt on Wednesday said it is committed to

NEW DELHI: The Institute of Chartered Accountants of India (ICAI)

BENGALURU: Even as the Indian IT sector looked forward to

Related News

HSBC initiated its coverage of Ather Energy with a buy recommendation and a target price of Rs 450. Analysts believe it’s a good company which is in a tough industry.

NEW DELHI: Govt on Wednesday said it is committed to a fair and balanced trade deal with the US while assuring that it will protect the interests of farmers, small

NEW DELHI: The Institute of Chartered Accountants of India (ICAI) is working with regulators to develop an early-warning mechanism to prevent scams and frauds before they occur with an initial

BENGALURU: Even as the Indian IT sector looked forward to improved trade clarity by August, potentially boosting US consumer spending, the announcement of 25% tariffs threatens to dampen sentiment and

Tata Trusts, the largest shareholder of Tata Sons, has directed chairman N Chandrasekaran to initiate a dialogue with minority shareholder Shapoorji Pallonji Group to provide them with an exit from

US President Donald Trump on Wednesday signed an executive order enforcing his earlier threat to impose 50% tariffs on Brazil, citing the need to safeguard US interests. The order invokes

Trending News

NEW DELHI: The Institute of Chartered Accountants of India (ICAI) is working with regulators to develop an early-warning mechanism to prevent scams and frauds before they occur with an initial

Tata Trusts, the largest shareholder of Tata Sons, has directed chairman N Chandrasekaran to initiate a dialogue with minority shareholder Shapoorji Pallonji Group to provide them with an exit from

MUMBAI: Mukesh Ambani’s promoter group firms will invest Rs 15,825 crore in Jio Financial Services through a preferential allotment of up to 50 crore warrants, each priced at Rs 316.5.

NEW DELHI: Anticipating a good deal for Indian goods, M Rafeeque Ahmed, who leads the Farida Group, one of the largest leather and footwear exporters in the country, was headed

NEW DELHI: US President Donald Trump’s decision to impose 25% tariff on exports from India starting Aug 1 saw the thriving aerospace supply chain industry here, along with their big

MUMBAI: Mahindra & Mahindra on Wednesday posted a 24% year-on-year increase in its consolidated net profit to Rs 4,083 crore for the June quarter, driven by broad-based growth across business

Nvidia CEO Huang sells $15 million in stock for his $873 million plan

Word Count: 281 | Estimated Reading Time: 2 minutes


Nvidia CEO Jensen Huang attends a round table discussion at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 11, 2025.

Sarah Meyssonnier | Reuters

Nvidia CEO Jensen Huang sold 100,000 shares of the chipmaker’s stock on Friday and Monday, according to a filing with the Securities and Exchange Commission.

The sales are worth nearly $15 million at Tuesday’s opening price.

The transactions are the first sale in Huang’s plan to sell as many as 600,000 shares of Nvidia through the end of 2025. It’s a plan that was announced in March, and it’d be worth $873 million at Tuesday’s opening price.

The Nvidia founder still owns over 800 million Nvidia shares, according to Monday’s SEC filing. Huang has a net worth of about $126 billion, ranking him 12th on the Bloomberg Billionaires Index. An Nvidia representative didn’t respond to a request for comment.

The 62-year-old chief executive sold about $700 million in Nvidia shares last year under a pre-arranged plan, too.

Nvidia stock is up over 800% since December 2022 after OpenAI’s ChatGPT was first released to the public. That launch drew attention to Nvidia’s graphics processing units, which were needed to develop and power the artificial intelligence service.

The company’s chips remain in high-demand with the majority of the AI chip market, and Nvidia has introduced two subsequent generations of its AI GPU technology.

Nvidia continues to grow. Its stock is up 9% this year, even as the company faces export control issues that could limit foreign markets for its AI chips.

In May, the company reported first-quarter earnings that showed the chipmaker’s revenue growing 69% on an annual basis to $44 billion during the quarter.

WATCH: Market Navigator: Nvidia warning signs

Market Navigator: Nvidia warning signs



Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account