Insiders at Nvidia have reportedly cashed in over $700 million in shares this year, as the company’s stock continues to rally, according to data compiled by Washington Service. As per the data, executives and directors have offloaded around 770,000 Nvidia shares in 2024, excluding the impact of the company’s 10-for-1 stock split on June 10. This marks the highest number of shares sold in a half-year period since the first half of 2023 when approximately 848,000 shares were sold. The value of the shares sold this year significantly surpasses previous periods, given the stock’s 164% gain in 2024. The surge in Nvidia’s stock price is largely attributed to the increasing demand for AI accelerator chips, a market that Nvidia dominates.