Nvidia CEO Jensen Huang sells shares for more than $633 million
- Selling stock: Jensen Huang, CEO of $NVDA+4.0%, sold over $633 million worth of the company's stock from June to September.
- Market Reaction: Nvidia stock fell 2.4% in pre-market trading following the news.
- Stock Growth in 2024: Despite the sale, $NVDA+4.0% stock has seen impressive growth of 116% since the beginning of the year, outperforming the broader market.
- Investor Interest: Huang's share sale has sparked investor attention, but $NVDA+4.0% remains a leader in the chip sector, particularly with its strong position in AI and data centers, with positive long-term prospects.
So far, it looks like the slump has stabilized. But I don't blame him. His fortune has skyrocketed in the last few years. I'd be getting rid of a chunk, too.
In order for me to buy, the stock would still have to fall significantly below at least $100.
Well if the price gets below $100 I would think about buying it.
The price has dropped quite a bit now, but I don't want to buy.