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accurately "escape the top" of nvidia? huang renxun has cashed out more than 4 billion since june

2024-09-06

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cailianshe news, september 6 (editor: bian chun)the stock price of nvidia, the "ai chip overlord", reached its historical peak in june this year, which perfectly coincided with the time when the company's head huang renxun began to sell the stock.

a new document shows thatbillionaire entrepreneur and nvidia ceo jensen huang has sold more than 5 million shares of the company in recent months, cashing in about $630 million (about 4.49 billion yuan)

according to documents filed with the u.s. securities and exchange commission (sec) on thursday, huang renxun sold nearly 5.3 million shares of nvidia in a series of transactions between june 13 and september 4, with each sale size being 120,000 shares.

huang renxun launched the so-called 10b5-1 trading plan in march of this year, which will sell no more than 6 million shares of nvidia stock by the end of march 2025.

a 10b5-1 trading plan allows insiders of a public company to decide in advance to sell a specified number of shares at a predetermined time. the purpose of such a plan is to avoid suspicion of insider trading and ensure transparency and fairness in trading.

huang is nvidia’s largest individual shareholder, holding about 3.5% of the company’s outstanding shares as of aug. 9, according to factset.

according to the bloomberg billionaires index,huang's current personal wealth is about $94.2 billion, an increase of about $50 billion since the beginning of the year, making him the 18th richest person in the world.

over the past year or so, the ai ​​investment boom has driven nvidia's stock price to soar, and the stock has soared more than 120% so far this year.

however, the stock has underperformed recently, falling about 11% over the past three months.on tuesday, nvidia's stock price plummeted 9.53%, and its market value "evaporated" by about us$279 billion (about rmb 1.99 trillion) in a single day, setting a new record for us stocks.

recently, nvidia's stock price has encountered multiple negative factors, including its performance falling short of wall street's highest expectations, delivery problems with the much-anticipated blackwell chip, antitrust scrutiny from the us government, and investors' cautiousness about investing in ai.

some analysts believe thathuang renxun's continued selling of nvidia shares has sent a warning signal to investors that the artificial intelligence bubble is close to bursting and nvidia's stock price may have reached an unsustainable high.