.png)
Jensen Huang Plans to Unload $800 Million in Nvidia Shares. Should You Sell Too?
Nvidia (NASDAQ: NVDA) CEO Jensen Huang also happens to be the founder of the company, launching it back in 1993 -- He's stuck with Nvidia through thick and thin, guided the company into a leading position in the world of artificial intelligence (AI), and now is preparing Nvidia to lead in the next growth stages of the AI boom. So, it's clear he's a big believer in the company's potential.You may imagine that in this context, Huang might be buying shares of the company right now, especially considering they trade at a lower valuation than they did just a few months ago. Or, you may expect Huang to stay put, holding onto his Nvidia shares forever. But this CEO is doing neither. Instead, he recently revealed plans to sell 6 million Nvidia shares, which at today's price represents about $810 million. The stock has soared 1,400% over the past five years, making it a winner for investors who held on for the long term.This might prompt you to ask a couple of questions: Is this a sign of trouble ahead and share performance that may dip? Should you follow Huang and sell too (or avoid Nvidia if you haven't bought the shares yet)? Let's find out.Continue reading
Nvidia (NASDAQ: NVDA) CEO Jensen Huang also happens to be the founder of the company, launching it back in 1993 -- He's stuck with Nvidia through thick and thin, guided the company into a leading position in the world of artificial intelligence (AI), and now is preparing Nvidia to lead in the next growth stages of the AI boom. So, it's clear he's a big believer in the company's potential.
You may imagine that in this context, Huang might be buying shares of the company right now, especially considering they trade at a lower valuation than they did just a few months ago. Or, you may expect Huang to stay put, holding onto his Nvidia shares forever. But this CEO is doing neither. Instead, he recently revealed plans to sell 6 million Nvidia shares, which at today's price represents about $810 million. The stock has soared 1,400% over the past five years, making it a winner for investors who held on for the long term.
This might prompt you to ask a couple of questions: Is this a sign of trouble ahead and share performance that may dip? Should you follow Huang and sell too (or avoid Nvidia if you haven't bought the shares yet)? Let's find out.
