Nvidia Directors Capitalize on AI Chip Stock Surge, Selling Over $180 Million in Shares

Amid a record-breaking stock rally, Nvidia board members offload significant holdings, reflecting confidence in the company's AI chip market dominance.

Nvidia directors, including Tench Coxe and Mark Stevens, have sold shares worth over $180 million, capitalizing on the company's stock rally.
The sales occur as Nvidia's stock price soars, with shares up more than 90% since the beginning of 2024, driven by optimism in its AI chips.
Board members still hold substantial stakes in Nvidia, indicating continued belief in the company's future prospects.
Analysts remain divided on whether Nvidia's stock is in a bubble, with some predicting the price could rise to $1,000 or more.
The company's AI chips are highly sought after by Big Tech, including Microsoft and Meta, fueling investor optimism.