# 💰💸 “From Silicon Valley to Riches: How an Nvidia Board Member Cashed in on the Chipmaker’s Soaring Stock!” 💸💰
1. **Nvidia board member Mark Stevens sold over 100,000 shares of the chipmaker’s stock, making a whopping $51 million profit.** Stevens sold the shares at prices ranging between $429.90 and $434.20 apiece.
2. **The surge in Nvidia’s stock value, driven by the AI-related stocks’ investor frenzy, has led other investors, including fellow board member Tench Coxe, to also sell their shares and earn profits.** Coxe sold $21 million worth of stock this month.
3. **Nvidia’s market value has nearly tripled this year, reaching $1.06 trillion, with its stock rising almost 200%.** The company’s success is attributed to its dominance in high-intensity computing infrastructure required for AI developments.
## Supplemental Information ℹ️
The article highlights how Nvidia board member Mark Stevens capitalized on the chipmaker’s skyrocketing stock by selling over 100,000 shares, generating a substantial profit of $51 million. This success story reflects the tremendous growth in Nvidia’s market value, which has almost tripled in 2023, driven by the investor frenzy surrounding AI-related stocks. Other board members, like Tench Coxe, have also taken advantage of the stock’s surge to cash out. Nvidia’s dominance in high-intensity computing infrastructure for AI developments has been a significant factor contributing to its market success.
### ELI5 💁
Nvidia is a company that makes computer chips, and one of its board members, Mark Stevens, recently sold a lot of shares and made a ton of money—$51 million, to be exact! The company’s stock has been doing really well because people are excited about artificial intelligence. Other board members also sold some shares and made money. Overall, Nvidia’s value has gone way up this year because they’re really good at making the stuff needed for AI.
#### Source 📚: Nvidia board member cashes out on the chipmaker’s surging stock, selling over 100,000 shares for $51 million
https://finance.yahoo.com/news/nvidia-board-member-cashes-chipmakers-174637898.html