Nvidia CEO Jensen Huang has offloaded 100,000 shares of the company’s stock in a move worth nearly $15 million, according to a recent filing with the U.S. Securities and Exchange Commission. The transactions, which occurred Friday and Monday, mark the first installment of a broader plan Huang initiated earlier this year to sell up to 600,000 shares by the end of 2025—a plan valued at approximately $873 million based on Tuesday’s opening share price.

Despite the sale, Huang remains heavily invested in the company he co-founded, still holding more than 800 million shares, according to the filing. His current estimated net worth hovers around $126 billion, placing him 12th on the Bloomberg Billionaires Index.

The 62-year-old executive had previously sold around $700 million in Nvidia stock last year through a similar pre-scheduled sale. His latest divestment coincides with continued momentum for Nvidia shares, which have surged over 800% since December 2022, driven largely by rising demand for GPUs that power generative AI models such as OpenAI’s ChatGPT.

Nvidia’s dominance in the AI chip market remains strong. The company has since launched two newer generations of AI GPUs, further reinforcing its leadership in the space. Although it currently faces export controls that may constrain overseas business, investor confidence has not wavered. Shares are already up 9% this year.

Financially, Nvidia continues to post massive growth. In May, the firm reported first-quarter earnings showing $44 billion in revenue—a 69% jump from the same period a year prior, signaling that demand for its hardware remains fierce even amid broader market uncertainties.