Nvidia CEO Jensen Huang has currently raised more than $700 million by selling the company's shares. All this has been done under a pre-determined plan. Huang adopted a trading plan in March. Through this, he intends to sell six million Nvidia shares by the end of the first quarter of 2025. According to a new regulatory filing, due to the large number of transactions between June 13 and September 12, Huang has touched that limit months ahead of schedule.

According to a separate filing, after the sale, Huang now owns 75.4 million Nvidia shares and 786 million shares through different trusts and partnerships. In the company's latest proxy statement, Huang was named the company's largest individual shareholder.

The sale was done under a 10b5-1 plan, which allows insiders to sell shares under a pre-determined structure. The update led to a surge in Nvidia shares on Tuesday, trading more than 4% higher. Boosted by artificial intelligence Chipmaker Nvidia has benefited the most from the artificial intelligence boom. Its shares have gained more than 140% this year. Earlier this year, Nvidia briefly surpassed a market cap of $3 trillion. With the rise in the stock, the size and influence of the company have grown so much that it is largely influencing the market and investor sentiments. Nvidia sells processors that are powering generative AI and services like OpenAI's ChatGPT. The company's main customers are Microsoft, Meta, Alphabet, Amazon and Oracle.