June 29 (Reuters) - Nvidia ( NVDA ) insiders sold over

$1 billion worth of company stock in the past year, with a

notable uptick in recent trading activity as executives

capitalize on surging investor interest in artificial

intelligence, the Financial Times reported on Sunday.

More than $500 million of the share sales took place this

month as the California-based chips designer's share price

climbed to an all-time high, the report said.

Jensen Huang, Nvidia's ( NVDA ) chief executive, started selling

shares this week for the first time since September, the SEC

filing showed.

Nvidia's ( NVDA ) stock hit a record on Wednesday, and the chipmaker

reclaimed the crown as the world's most valuable company after

an analyst said the chipmaker was set to ride a "Golden Wave" of

artificial intelligence.

Its latest gains reflect the U.S. stock market's return to

the "AI trade" that fueled massive gains in chip stocks and

related technology companies in recent years on optimism about

the emerging technology.

Nvidia ( NVDA ) did not immediately respond to a Reuters request for

comment.

Nvidia's ( NVDA ) shares have rebounded over 60% from their closing

low on April 4, when Wall Street was reeling from President

Donald Trump's global tariff announcements. U.S. stocks,

including Nvidia ( NVDA ), have recovered on expectations the White House

will reach trade deals to soften the tariffs.