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editor of every economic report: bi luming

the latest documents released by the u.s. securities and exchange commission (sec) show that between september 4 and 5, local time,nvidiaceo jen-hsun huang sold a total of 240,000 shares of nvidia common stock, with a total value of approximately $25.8 million.in less than three months, huang renxun sold a total of nearly 5.3 million shares of the company's common stock, worth approximately us$633.1 million (approximately rmb 4.49 billion).

documents previously released by the sec show that huang renxun began selling nvidia shares on june 13 this year. this summer, huang renxun sold nvidia shares at an average rate of about $14 million per day. in june, he sold nearly $170 million, in july he sold nvidia shares worth $323 million, and from august to now he has sold about $142 million of nvidia shares.

in less than three months, huang renxun sold nearly 5.3 million shares of the company's common stock, worth about $633.1 million.he currently still holds about 76 million shares of nvidia.

huang renxun's stock sale plan was announced as early as march this year. at that time, nvidia mentioned in its quarterly financial report that huang renxun would sell up to 600,000 shares through a 10b5-1 stock sale plan by the end of march 2025. market analysts believe that the stocks huang renxun sold thereafter are part of his executive compensation plan, including restricted stock units (rsus) and performance stock units (psus), which is a common practice for corporate ceos in compliance with regulations.

in addition, nvidia has also encountered negative news recently. earlier this week, market news said that the us department of justice, which is collecting evidence of nvidia's violation of antitrust laws, sent subpoenas to the chip maker and other companies, escalating its investigation into the technology giant.

over the past year or so, the global investment boom in artificial intelligence has driven nvidia's stock price to soar.

over the past year or so, the ai ​​investment boom has driven nvidia's stock price to soar. so far this year, the stock has soared by more than 120%. choice data shows that as of september 5, nvidia's stock price has risen by as much as 355.54% since last year. judging from nvidia's stock price trend, the time when huang renxun started selling stocks coincided with the time when nvidia's stock price hit a record high.

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

in the early morning of august 29th, beijing time, nvidia released its latest financial report showing that the company's revenue in the second quarter of fiscal year 2025 reached us$30 billion, a year-on-year increase of 122%; non-gaap adjusted earnings per share were us$0.68, a year-on-year increase of 152%. however, after the financial report was released, nvidia's stock price plummeted 9.53%, setting the largest single-day market value drop in the history of us stocks.

nvidia's market value isthis week, a total of about 406 billion u.s. dollars (about 2.88 trillion yuan) evaporated.this has put considerable pressure on the u.s. stock market. there are signs that concerns about the health of the u.s. economy and that ai trading may have gone too far are spreading rapidly.

according to the shanghai securities news, some believe that huang renxun's continuous selling of nvidia shares has sent a warning signal to investors that the artificial intelligence bubble is about to burst and nvidia's stock price may have reached an unsustainable high. the 13f documents released recently also show that the world's largest hedge fund bridgewater and the british century-old asset management giant barings investments both sold off nvidia in the second quarter of this year.

at the same time, some institutions believe that nvidia still has investment value in the future.bank of americait seems that the decline in nvidia's stock price marks a good buying opportunity. the bank said in a report recently that nvidia's current valuation is hovering at its lowest level in the past five years, and it set nvidia's target stock price at $165, which means that investors who buy the stock now may face a 54% profit margin.

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