Nvidia CEO Jensen Huang started selling millions of dollars worth of company shares. This move caused concern among some investors. It was stated that Huang disposed of 700 million dollars worth of shares in just three months.
Nvidia CEO sold 700 million dollars worth of shares
Nvidia CEO Jensen Huang has been regularly unloading company shares in recent months. Since June, Huang has sold 6 million shares worth about $700 million, attracting the attention of investors. So what is going on at Nvidia?
Investors believe that these sales by the CEO should not cause panic. Huang’s share sales continue regularly and at a predetermined pace. This is considered as a planned portfolio management rather than a sudden exit.
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Considering that Huang owned 93.5 million Nvidia shares in March, the impact of the current sales on his total assets is likely to be limited. The CEO has previously said he would invest in the company’s future. He will therefore continue to hold a majority of shares.
Analysts believe that Huang’s share sales do not reflect a concern about the company’s direction. Accordingly, the sales are thought to have been made for asset diversification at a time when stock prices are at record highs.
