Huang Cashes In on Nvidia's Rally With $169 Million Share Sale
-- Nvidia Corp. Chief Executive Officer Jensen Huang unloaded shares worth nearly $169 million in June, the most he’s netted in a single month, as insatiable demand for the chips used to power artificial intelligence drove the stock to fresh peaks.US Allies Say China Is Developing Attack Drones for Russia. China Can End Russia’s War in Ukraine With One Phone Call, Finland Says. Biden Faces Mounting Pressure as Report Says He Is Weighing Exit. Zelenskiy Challenges Trump to Reveal Plans for Ending War. Biden Plummets in Leaked Democratic Polling Memo, Puck Says. The sale of 1.3 million shares, his first of the year, came during a month when Nvidia’s market value rose above $3 trillion for the first time. That briefly made it the world’s most valuable company and pushed Huang, 61, into the rarefied group of ultra-rich with fortunes above $100 billion.Huang has cashed out nearly $1.1 billion in shares since the start of 2020, including June’s sales. Additional filings show that he plans t