Nvidia Executives Allegedly Sold Shares During Crypto Boom

jeffj7 said:
kinda think everyone knew that the bubble was gonna pop.
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That's where I'm coming from.

If you were going to make a bet- is the market going to stay steady, rise more, or drop- you'd be silly to think that it'd rise any more. Just general uncertainty over the future should ward against that, but it should also be clear from a number of publicly available indicators that you're best bet was that the price was going to drop.

So selling made a whole lot of sense.

Hell, it made sense simply because you have to sell stock to get cash out of it (barring dividends); it doesn't really have value until it's sold.
 
Crackinjahcs said:
No, just general trend and attitude towards the company. In the end I know business practices are trumped by the dollar and estimated corporate earnings.

edit: and I was a bit strong with the DOA comment. I may have had too much coffee this morning. I was just giving in to the hype of the Nvidia pricing levels, coverage of card failures, Microsoft delay of the patch to enable RTX features, only BFV having working RTX for a while. But I wouldn't turn one down if it showed up on my doorstep.
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I Appreciate your willijngness to come back to the conversation with less caffeine.
 
For executives of publicly traded companies to sell stock (options or retail stock) they have to first make sure they are in compliance. This means Huang would have to first get a stamp of approval from their legal in compliance. The window to sell is usually in the 1st month of a new quarter after the following quarters results were announced. This is to ensure they're not selling on non-public information.

If Huang broke the rules or sold on information that wasn't disclosed to the public then he could be liable for damages or legal action by the SEC.

If you're ethically challenged then none of this may make sense to you.
 
This is logical as an addition to the lawsuit(s) nvidia is facing. If they did indeed know that the crypto-market was crashing and demand drying up when they made their last announcements, then the next logical step in the action would be to investigate the transaction of shares of the executive.

That is not saying there is any actual guilt on nVidia's end, that all has to be proven in trial.
 
IdiotInCharge said:
They did know- but so did we! And everyone, basically. That's why this seems a bit silly.
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While the original charges against nVidia involves misleading investors, this will just be an add on and likely thrown out if the original lawsuit fails.
 
nvid.jpg


No misleading going on here. Nope. Absolutely none. Steve Jobs would agree.
 
Wiffle said:
No misleading going on here. Nope. Absolutely none. Steve Jobs would agree.
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As defined, they're correct. It's the first ASIC that put all of the major graphics processing onboard, and they essentially coined the term.
 
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