Huang Has Cashed Out $630 Million By Selling Over 5 Million NVIDIA Shares Since June

NVIDIA's stock price reached an all-time high this June, coinciding perfectly with the time when the company's CEO, Jensen Huang, began selling the stock.

A new document shows that the billionaire entrepreneur and NVIDIA CEO, Jen-Hsun Huang, has sold over 5 million shares of the company's stock in recent months, cashing out approximately $630 million.

According to a document filed with the U.S. Securities and Exchange Commission (SEC) on Thursday, Huang sold nearly 5.3 million NVIDIA shares in a series of transactions from June 13th to September 4th, with each sale involving 120,000 shares.

Huang initiated a so-called 10b5-1 trading plan in March of this year, which will see the sale of up to 6 million NVIDIA shares by the end of March 2025.

The 10b5-1 trading plan allows insiders of publicly traded companies to decide in advance to sell a specified amount of stock at predetermined times. The purpose of this plan is to avoid the suspicion of insider trading and to ensure the transparency and fairness of the transactions.

Data from FactSet shows that Huang is the largest individual shareholder of NVIDIA, holding about 3.5% of the company's floating shares as of August 9th.

According to the Bloomberg Billionaires Index, Huang's current personal wealth is about $94.2 billion, having increased by about $50 billion since the beginning of the year, placing him 18th on the global rich list.

Over the past year, the AI investment boom has driven NVIDIA's stock price to soar, and this year alone, the stock has surged by more than 120%. However, Nividia's shares have recently underperformed, falling about 11% in the past three months. On Tuesday, NVIDIA's stock price plummeted by 9.53%, with the market value evaporating by about $279 billion (about 1.99 trillion yuan) in a single day, setting a new record for U.S. stocks.

NVIDIA's stock has recently faced multiple headwinds, including underperforming earnings expectations, delivery issues with the highly anticipated Blackwell chip, U.S. government antitrust scrutiny, and investors becoming more cautious about AI investments.

Some analysts believe that Huang's continuous sale of NVIDIA shares sends a warning signal to investors that the artificial intelligence bubble is approaching its bursting point, and NVIDIA's stock price may have reached an unsustainable peak.