Nvidia CEO Jensen Huang Dumped Nearly 60,000 Shares of the Stock. What's Happening to the Leader of the Artificial Intelligence (AI) Revolution?
Nvidia's (NASDAQ: NVDA) co-founder and CEO Jensen Huang has been selling shares of his company's stock lately. Filings with the Securities and Exchange Commission (SEC) showed that he sold 59,376 shares across daily trading sessions on Sept. 12 and 13. All told, the executive's company stock sales on those days totaled up to $26.9 million.
Notably, it wasn't the first time that Huang unloaded Nvidia shares this month. Last week, the CEO sold roughly $42 million worth of stock after exercising options on the shares. The graphics processing unit (GPU) leader is undoubtedly at the forefront of the artificial intelligence (AI) revolution, but its chief executive's recent moves could raise red flags in the eyes of some investors.
After Nvidia's stock soared roughly 213% year to date, are Huang's recent moves a sign that Nvidia is in danger of running out of steam?
Source Fool.com
