Nvidia CEO Jensen Huang sells an additional $12.94 million worth of shares

Nvidia CEO Jensen Huang sold 75,000 shares connected Friday, valued astatine astir $12.94 million, according to a filing with the U.S. Securities and Exchange Commission. 

Friday's merchantability is portion of a program adopted successful March for Huang to merchantability up to 6 cardinal shares of the leading artificial intelligence company. Earlier this week, Huang sold 225,000 shares of the chipmaker, totaling astir $37 million, according to a abstracted SEC filing. The CEO began trading banal per the plan last month.

Surging request for AI and the graphics processing units that powerfulness ample connection models has importantly boosted Huang's nett worthy and pushed Nvidia's marketplace capitalization beyond $4 trillion, making it the world's astir invaluable company.

Nvidia announced this week that it expects to resume sales of its H20 chips to China soon, pursuing signals from the Trump medication that it would o.k. export licenses. Earlier this year, U.S. officials had stated that Nvidia would necessitate peculiar support to vessel the chips, which are specifically designed for the Chinese market.

"The U.S. authorities has assured NVIDIA that licenses volition beryllium granted, and NVIDIA hopes to commencement deliveries soon," the institution said successful a statement connected Tuesday. Huang said during a news conference on Wednesday successful Beijing that helium wants to merchantability chips much precocious than the H20 to China astatine immoderate point.