Huang sells shares in 'Invidia' at 323 million dollars before it drops

During the summer, Jensen Huang continued to sell shares in ‘Inviteia’, which amounted to a record value of $ 32.7 million in July, shortly before a larger wave of technology shares. By adding the shares sold in June by the CEO and one of the founders of the Chips industry company, he sold shares worth about $ 500m since the company’s shares peaked thanks to the increase in artificial intelligence. Although the sale of shares was executed under the “10B5-1” trading plan in June and July (this plan allows managers and large stock owners in the businesses that purchased shares in an organized and legitimate manner, without accusing them of trading based on secret internal information), the timing of the sale was unexpected. Invidia shares dropped by more than 8% in the previous two days, and in New York fell 6.4% by 6.4%, which coincides with the arrival of the “Nasdaq 100” index to the lowest level since May. Global stocks have seen a sharp fall today, Monday, while investors have faced a sudden storm of poor economic data, disappointing profits and bad seasonal trends. About 95% of the shares of the “S&B 500” index were subjected to a drop, and the index was on its way to its largest decline in nearly two years, while the ‘seven large’ index, which included large businesses such as ‘Invitia’ and ‘Apple’, was about 10% at a certain stage. The sale of the Daily Huang shares for 120,000 shares during a formed month for a viteia and hangs, where the value of its wealth and market value of his business varied. During July alone, the shares of “Invidia” were responsible for four of the eight largest declines in the market value, according to the data collected by “Bloomberg”. Santa Clara -based chips manufacturer, California, recovered at the end of July to positive expectations of its revenue “Advanced Micro Devices Inc”, which renewed the enthusiasm of investors in the sector. Invidia added a $ 329 billion record to its market value on July 31, strengthening Huang’s fortune by about $ 12 billion. Huang’s net fortune fell to $ 88.8 billion after exceeding $ 100 billion last month, according to the Bloomberg Billionaires index. Its wealth fell by $ 8.5 billion in the first two days of August and is currently voted by another $ 4.8 billion. A spokesman “Inviteia” refused to comment on the matter. Huang, 61, was not the only one of the “Invidia” officials who sold shares in July. Management member Mark Stevens sold shares of about $ 125 million, according to deposits, while Jay Puri, executive vice president of the company’s global field operations, sold $ 10 million shares. Invandia officials have been able to earn more than a billion dollars of shares since the beginning of the year. Huang has personally sold for about $ 1.4 billion since the beginning of 2020, including sales this summer. According to a deposit, he plans to keep selling.