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Nvidia CEO Jensen Huang sells off US$320 million in shares

Nvidia CEO Jensen Huang sells off US$320 million in shares

2024-08-13

Nvidia CEO Jensen Huang has been selling off his shares since June. All in all, he’s cashed in on some US$320 million. The move has raised concerns among investors, who fear the “AI bubble” is about to burst. Let’s hear from an expert.

Jensen Huang (July 2023)
Nvidia CEO
We never talk about market share in our company. And the reason for that is, why are you talking about “I have 23% market share and they have 27% market share?” [The whole concept of market share] says that there are a whole bunch of other people who doing the same thing. And if they are doing the same thing, why are we doing it?

GPU designer Nvidia, which dominates the AI chip market, was recently targeted by France’s antitrust agency. In addition, recent reports say Nvidia’s Blackwell GPUs may face delivery delays. Nvidia CEO Jensen Huang has been selling off company shares since June, in what could be a reaction to weak U.S. economic figures and concerns over a potential recession.

Nobunaga Chai
Cloud Express
The poster child for AI, OpenAI, is still facing considerable losses. Perhaps falling demand for AI server chips is a significant factor that’s prompted Nvidia insiders to reduce their holdings.

Last September, Huang sold almost 30,000 shares of his company. In July of this year, he sold 25,600 shares, bringing in about US$320 million based on an average price of US$125 per share. Reports suggest Huang could sell up to 600,000 more shares by the end of next March. It’s enough to raise fears that the “AI bubble” is about to burst.

Nobunaga Chai
Cloud Express
An AI bubble is impossible at this point, because the AI market hasn’t even properly launched. It’s not even gone commercial. The bubble is in the stock market – that is, in the financial market.

According to Fortune magazine, Huang’s summer selloffs shielded him from the impact of Nvidia’s recent decline.

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黃仁勳股災前6月大賣股 套現約3.2億美元

2024-08-13

輝達執行長黃仁勳,從6月份就開始出售手中輝達持股,幾乎每天都在減碼,套現約3.2億美元,這一個月來輝達股價也下跌了百分之15左右,而市場傳言,8月份黃仁勳持續拋售股票,是不是對於美國經濟前景有疑慮?來聽聽專家的看法。

[[輝達執行長黃仁勳(2023.7)]]
“我們公司從不談市占率,原因是你為何要討論,我有23%市占率、他們有27%?(市占率概念)代表有一大堆人都在做同樣的東西,如果他們都做一樣的東西,我們為何要跟著做?”

晶片大廠輝達GPU大賣,在AI晶片市場有高市佔率,先前還引起法國反壟斷機關的注意,不過近期輝達傳出Blackwell系列部分幾款晶片會延遲交貨,加上黃仁勳6月開始大賣股,有人解讀在美國經濟數據疲軟,以及擔心美國經濟衰退,才會大賣持股。

[[雲報政經產業研究院副社長 柴煥欣]]
“最具指標性的Open AI,其實都還是面臨了一個巨幅虧損的狀況之下的話,可能來自於人工智慧伺服器晶片的需求,確實會有趨緩的可能性,所以說這也是導致了,所謂的輝達的內部相關人士,可能減少持股的重要因素。”

黃仁勳去年9月賣了將近3萬張,今年7月以輝達平均股價約125美元來算,賣了25600張,套現約3.2億美元。外傳黃仁勳8月到明年3月底前最多還會再賣60萬股,這也讓投資人擔心AI是不是開始泡沫化了?

[[雲報政經產業研究院副社長 柴煥欣]]
“AI泡沫化現在是根本不可能發生,因為AI的市場其實還沒有正式的開始,它連商用階段都還沒有。真正泡沫化的是股市的行情,也就是我們講的資金行情。”

美國《財星》雜誌(Fortune)指出,黃仁勳因售出輝達股票,他並沒有受到股災的傷害。

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