Stock Price Continues to Rise on Hopes of Reentering China
CEO Huang Plans to Sell a Total of 6 Million Shares by Year-End
Nvidia, the global leader in the AI semiconductor market, closed at $164.92 on the New York Stock Exchange on July 11 (local time), up 0.50% from the previous day, marking its fourth consecutive day of gains. During the session, the stock price rose as high as $167.89.
As of the closing price that day, Nvidia's market capitalization stood at approximately $4.022 trillion, making it the only company in the world to maintain a valuation above $4 trillion. After first surpassing the $4 trillion mark during intraday trading on July 9, the company also closed above this threshold on July 10.
The recent surge in share price has been attributed to expectations of Nvidia's reentry into the Chinese market. According to the Financial Times (FT), Nvidia is scheduled to launch China-exclusive AI chips in September, and CEO Jensen Huang is reportedly planning to visit China ahead of the release to promise continued service.
Previously, U.S. authorities tightened export controls on the H20 chip, restricting exports to China. As a result, Nvidia faced more than two months of export disruptions to China since May, and CEO Huang projected that the resulting revenue loss would reach approximately $8 billion.
Meanwhile, CEO Huang recently visited the White House and met with President Donald Trump. The meeting, which took place for the first time in five months, occurred just before his planned trip to China, raising the possibility that issues related to technology exports between the two countries were discussed.
Amid the stock's record highs, CEO Huang has been adjusting his asset portfolio by selling a portion of his holdings. According to the U.S. Securities and Exchange Commission (SEC), he sold about 225,000 shares, totaling $36.4 million (approximately 50.2 billion won), so far this month. This is part of a plan to sell a total of 6 million shares by the end of the year; last month, he also sold shares worth $15 million.
According to the Bloomberg Billionaires Index, CEO Huang's net worth has risen to about $143 billion (197 trillion won) thanks to the recent stock price surge, putting him right behind Warren Buffett ($144 billion). Fortune magazine's analysis indicated that, by some measures, Huang has already surpassed Buffett.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.


