Good News Everyone! Nvidia CEO Sells Shares, But Don't Worry, He Still Has More Than You

Wernstrom! A Sale!

Good news everyone! Or perhaps mildly interesting news. It seems that Jensen Huang the head honcho over at Nvidia has decided to lighten his load a tad. According to official documents – boring bureaucratic documents I might add filled with more legal jargon than a Robot Court – he sold a whopping 100,000 shares of his company's stock. I bet he is using the money to create a doomsday device… or maybe just a solid gold statue of himself. Either way 'Wernstrom!'

A Fistful of Dollars… Millions of Them!

Now I'm no accountant (thank goodness; crunching numbers all day? To shreds you say!) but my calculations – performed on a state of the art abacus naturally – reveal that this sale amounts to approximately $15 million! That's enough to buy a whole heap of… uh… what do young people buy these days? Holographic skateboards? Self folding laundry? Whatever it is it's probably powered by Nvidia chips.

The Grand Plan: 600,000 Shares of Tomorrow!

Fear not investors! This isn't some sort of corporate fire sale. It's merely part of a pre ordained plan initiated back in March where Mr. Huang intends to offload up to 600,000 shares by the end of 2025. At today's prices that would be a cool $873 million. That's enough to buy Planet Express several times over… assuming I was willing to sell which I’m NOT! Not at these prices at least.

He's Still Richer Than You (Probably)

Before you start feeling sorry for him (and I know you were about to) remember that Mr. Huang still owns a staggering 800 million Nvidia shares. That's more shares than there are atoms in… well a pretty big rock anyway. He's also sitting pretty at number 12 on the Bloomberg Billionaires Index with a net worth of around $126 billion. In other words he can probably afford to lose a few shares. In fact a few shares probably fall out of his pockets when he is not looking.

Thanks ChatGPT!

Nvidia's stock has been on a meteoric rise climbing over 800% since that OpenAI ChatGPT thingy came out. Apparently all those AIs need lots of fancy computer chips and Nvidia just happens to be selling them. Who knew artificial intelligence would be so profitable? It's almost enough to make me regret not investing in Bender's shiny metal posterior. Almost.

The Future Is Still Bright (And Slightly Regulated)

Even with potential export control issues looming Nvidia continues to grow like a genetically engineered space weed. Their recent earnings report showed a 69% increase in revenue reaching a gargantuan $44 billion. So while Mr. Huang might be trimming his sails a bit the good ship Nvidia is still full steam ahead! Just try not to think too hard about what all those AI chips are being used for. That way lies madness… and possibly robot uprisings!