Nvidia's stock price hit a new high, and a director sold 200,000 shares to cash in about $170 million

On March 7, as Nvidia's stock price soared 79% this year, more directors of the company are choosing to cash out. Regulatory documents submitted on Wednesday showed that Nvidia director Tench Coxe sold 200,000 shares at a price of $850.03 to $852.50 per share on March 5, cashing out a total of about $170 million. Nvidia rose 3.18% on Wednesday, closing at $887, setting a new record high, rising for the fifth consecutive day, and its current market value is $2.2 trillion.