Reported about 1 year ago
Nvidia CEO Jensen Huang has been selling off shares to cash out amidst the remarkable surge in chip stocks this year. With the stock price of Nvidia soaring by 156% this year, Huang has sold a total of 720,000 shares in the past week, cashing in 94.6 million USD. In just two days, he sold another 240,000 shares, cashing out 29.31 million USD. However, selling shares does not indicate a lack of confidence in the company but is a common financial strategy. Despite multiple sell-offs, Huang still holds 3.52% of Nvidia's outstanding shares, maintaining a significant influence in the company. Other semiconductor industry executives, such as Micron's CEO Sanjay Mehrotra and Qualcomm's CEO Cristiano Amon, have also seized the opportunity to profit from selling shares amidst the stock price surge.
Source: YAHOO