Nvidia under pressure: Management stock sales exceed $1.8 billion

This year has brought significant stock sales by Nvidia Corp. executives, with managers and board members selling over $1.8 billion worth of stock. These sales come at a sensitive time as investors watch the delay of Blackwell chips and consider the future of artificial intelligence (AI) spending.

Since the start of 2024, Nvidia executives and board members have sold nearly 11 million shares, the highest number since 2020. While this volume represents a small fraction of the company's 24.5 billion total shares, it comes at a time of heightened market nervousness. Investors are particularly concerned about the delay of the new Blackwell chip line and uncertainty about the future of spending on AI technology.

The most prominent seller among insiders this year was CEO Jensen Huang, who sold roughly $713 million worth of shares between June and September. Those sales were part of his pre-planned 10b5-1 business plan, which was adopted in March. These plans set fixed dates for stock sales…