Nvidia board member dumps $48 million more in stock amid monster rally

A longtime board member at Nvidia Corp. dumped more than $48 million worth of the chip maker’s shares earlier this week, cashing in on the stock’s recent surge.

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Harvey Jones, who has been on the Nvidia board since 1993, sold nearly 120,000 shares of the company Tuesday at prices between $400 and $408.51, according to a filing with the Securities and Exchange Commission made public Wednesday. He pocketed $48.3 million through the transaction, which took place with shares that he held in his living trust.

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