Nvidia CEO Jensen Huang Sells Over $29M Worth Of Shares As Company's Stock Shoots Up 155% In 2024 Amid AI Frenzy
Portfolio Pulse from Kaustubh Bagalkote
Nvidia CEO Jensen Huang has sold over $29 million worth of shares amid the company's stock surge, which has seen a 155% increase in 2024 due to its focus on AI technology. Huang's total sales over the past three weeks amount to $184 million. Nvidia's market value briefly surpassed $3 trillion, making it the most valuable company in the world at one point.
July 03, 2024 | 3:34 am
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Nvidia CEO Jensen Huang has sold over $29 million worth of shares amid the company's stock surge, which has seen a 155% increase in 2024 due to its focus on AI technology. Huang's total sales over the past three weeks amount to $184 million.
The sale of shares by the CEO, especially in large amounts, can be perceived negatively by investors as it may signal a lack of confidence in the stock's future performance. This could lead to a short-term decline in Nvidia's stock price.
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