If you’ve invested in AI chip maker Nvidia, how do you understand when to sell?
Nvidia CEO Jensen Huang made his veryfirst share sale of the year in June, cashing in 1.3 million shares to net $169 million, the most he’s gotten so far in one month, Bloomberg reported on Wednesday.
Factoring in June’s sale, Huang hasactually acquired close to $1.1 billion from selling stock giventhat January2020 He’s not done yet, with U.S. Securities and Exchange Commission filings revealing that he plans to keep cashing in this month.
As of June, Huang hadactually a 3.8% stake in Nvidia, or over 934 million shares, making him the business’s biggest private investor. Nvidia CEO Jensen Huang in March2024 (Photo by Justin Sullivan/Getty Images)
From the start of this year, Nvidia executives and directors haveactually offered shares jointly worth more than $700 million, per Bloomberg.
Nvidia hasactually seen over 3,000% stock development in the past 5 years, which might haveactually raised more than one long-lasting worker to “semi-retired” status based on stock grants alone.
Related: Employees Who Worked at This Company for the Past 5 Years Are Now Multi-Millionaires in ‘Semi-Retirement’
Nvidia briefly endedupbeing the most important business in the world in mid-June, with a market cap greater than $3 trillion.
Nvidia’s stock isn’t constantly steady, . Last week, shares dropped 16%, and the business lost more than $500 billion in market cap over 3 trading days. The loss was more than the whole market cap of Samsung or Costco.
Nvidia stock rebounded, and its evaluation, still over $3 trillion at the ti