A director who sold Nvidia (NVDA.US) after 28 years of holding to cash out $44 million

The Zhitong Finance App learned that regulatory documents submitted on Wednesday showed that Nvidia (NVDA.US) board member Harvey Jones sold more than $44 million worth of company shares. Jones, who has been a director of the chipmaker since 1993, sold 250,000 shares at an average price of $177.33 per share on December 15, according to the documents. These shares are part of what Jones has held since 1997, and began holding two years before Nvidia went public in 1999. After the sale, Jones still held more than 7 million shares indirectly through the HC Jones Living Trust, according to the documents.

Nvidia declined to comment on the nature of this sale.

Recently, more than three years have passed since OpenAI released ChatGPT, which is popular all over the world, sparked a global AI investment frenzy and a huge boom in global enterprise layout AI. Although capital is still flocking to Nvidia, Broadcom, and leaders in the AI computing power industry chain that benefit from AI investment fanaticism, the market's doubts about whether this wave of AI prosperity in the stock market will continue are deepening. Some investors believe that the “best time” for this AI investment boom is over.

Nvidia is now the world's highest-capitalized chipmaker, and its stock price has soared over the years due to strong demand for processors required for artificial intelligence workloads. Since this year, the stock has risen about 28%, bringing the chipmaker's market capitalization to around $4.32 trillion. After a series of surges, the market began to worry about its valuation level.