Is Jensen's Stock Sale Similar to Musk's Action in 2022?
In June and July of this year, Nvidia's co-founder and CEO, Jensen Huang, sold nearly $500 million worth of $NVIDIA Corp(NVDA)$ . According to filings, he plans to continue selling shares into August.
Pre-planned Stock Sale Shakes Investor Confidence?
Although the sales were executed under a 10b5-1 trading plan adopted in March, the timing proved fortuitous as tech stocks, including Nvidia, have recently experienced significant declines. Nvidia's stock price has dropped by 15% in the past few days.
A Look Back at Tesla's Stock Sales in 2022
In 2022, Elon Musk sold nearly $40 billion worth of $Tesla Motors(TSLA)$ stock. His sales mainly occurred in November and December, during which Tesla's stock price plummeted by about 50%.
Investors were particularly frustrated by Musk's focus on his newly acquired Twitter, causing concerns over his commitment to Tesla.
What’s your plan as Nvidia investors? Add, hold or sell?
Huang's stock sales, while significant, are relatively smaller in scale compared to Musk's massive sell-off. However, Nvidia's recent stock price decline, in part due to broader tech sector sell-offs, may exacerbate investor anxiety.
The fact that these sales were pre-planned under a 10b5-1 trading plan may offer some reassurance to investors, suggesting that Huang's sales were not necessarily a reaction to immediate market conditions or internal company issues. However, the continued selling into August may still cause unease among shareholders. The stock might head to $90 or go lower.
With Jensen Huang selling Nvidia, do you still remain optimistic?
Will Nvidia, which has already fallen below $100, drop below $90?
What are your plans for Nvidia?
Leave your comments and also post to win tiger coins~
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預先計劃的股票出售動搖了投資者的信心？
儘管銷售是根據3月通過的10b5-1交易計劃，事實證明，這個時機是偶然的，因爲包括英偉達在內的科技股最近經歷了大幅下跌。英偉達股價在過去幾天下跌了15%。
🌟🌟🌟Jensen Huang, CEO Extraordinaire of $NVIDIA Corp(NVDA)$
Even though there has been a sell off in Nvidia along with the other Big Tech Stocks, today the market turnaround and Nvidia is up a nice juicy 6%.
Fundamentally nothing has changed for Nvidia. It still holds 80% of the specialised AI chips market that have been selling like hot cakes to all the major AI players like $Microsoft(MSFT)$
Its closest competitor $Advanced Micro Devices(AMD)$
So even if Nvidia's share price falls to USD 90, I have total conviction in Nvidia and will dollar cost average into this outstanding company.
As Warren Buffett likes to say When there is Fear in the markets it is time to be greedy. Buy wonderful companies like Nvidia and his favourite holding period is Forever.
@Tiger_comments @TigerStars
$NVIDIA Corp(NVDA)$ stock goes up and down... big players buy and sell their stocks for whatever reason, it's part and parcel of trading life...
best to do research and as long as the company is stable and has good fundamentals, it's worth holding...
@SPACE ROCKET @HelenJanet @GoodLife99 @rL @TigerGPT @Universe宇宙 @LMSunshine @Aqa @Shyon @koolgal
With Jensen Huang selling Nvidia, do you still remain optimistic?
Will Nvidia, which has already fallen below $100, drop below $90?
What are your plans for Nvidia?
Leave your comments and also post to win tiger coins~