NVIDIA CEO Huang Renxun sold nearly $500 million worth of company stocks between June and July. In July, Huang Renxun sold Nvidia stock worth $323 million, breaking the personal record for the highest monthly cash out set by selling nearly $170 million in June. Some analysts suggest that before Nvidia's sharp decline in August, Huang Renxun's timing for cashing out was just right, stepping on the "east wind" of the last major rise in chip stocks.
Nvidia's stock price fell 6.36% on Monday.