Executives and board members at Nvidia (NASDAQ:NVDA) sold more than $1 billion of company shares in the past year, the Financial Times reported Sunday, citing company filings. A significant portion of those sales occurring in recent weeks as investor excitement over artificial intelligence drives the stock to record highs.

Nvidia 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,

Nvidia's latest gains reflect the U.S. stock market's return to the "AI trade" that fueled massive gains in chip stocks and related tech companies.