Nvidia CEO Jensen Huang has sold over one billion dollars in company shares. This sale concludes a large pre-planned divestment. The chipmaker recently crossed a five trillion dollar market value milestone. This surge is driven by high demand for artificial intelligence processors. Several other company insiders have also profited significantly from the AI boom.
US stocks: US market closes down sharply after Fed holds rates unchanged
Wall Street experienced a sharp decline as the Federal Reserve maintained interest rates. AI-related chip stocks also saw further losses ahead of key earnings reports.