Nothing out of the ordinary. Guy sold 4m shares over a few months (all of which have to be pre-announced 90 days in advance). Still has over 25m shares.
The administration is trying to find who leaked this to the NY Times originally, which was a form of leaking classified information. Its obvious the recent market correct was kicked off by insider trading like this.
Oddly enough there are two main suspects, Rubio and Bessent or their teams. Bessent has more of a motivation to leak the story so the export controls would have to be enforced. If it turns out to have been traced back to the Treasury dept, the Treasury Secretary days in office are almost up.
Also, why would he be so motivated to leak it? Lower Treasury yields...
the subtlety is that this was knowledge to the US Admin a year ago. reasonably, nvidia adopts the posture that it will sell as many chips as possible to all comers. if the USG blacklisted a company, they would stop immediately
now it emerges that factions within the gov either through malice or negligence or any other reason did not sanction the chinese shell company a full year after it was in the NYT. easy to blame on WH but just as much capitol hill boomer incoherence
jensen is collateral damage of a power struggle between other factions. thats why it was such a surprise for him and the only person really standing up for him is david sacks. tide went out on the midterms
None of these executive can sell company stock on a whim. They are “insiders” and if they want to sell they have to schedule it a year plus out in advance.
Yet another example of the media failing to do the most basic research into the topic they report on.
> In Stevens's case, he didn't have such a trading plan, but that's not necessarily a red flag on its own.
Sounds like it’s not necessarily required and wasn’t followed here?
The format of the article makes it seem like it ends because it has a list of links to other articles but then it continues on. Confusing formatting for sure. And I’m not sure I understood it correctly.
22 comments:
Nothing out of the ordinary. Guy sold 4m shares over a few months (all of which have to be pre-announced 90 days in advance). Still has over 25m shares.
They can influence timing of information release; Whether delaying or expediting.
Just pointing out that even with the notice there is still room for shenanigans.
Aug 31 is about when the post-earnings window opened so could be routine?
1B worth is NOT routine
1B is the numerator.
Think about what the denominator might be.
He sold ~%15 of his holdings.
Characterizing ~10 weeks to "weeks" is also a bit misleading
Exactly. Put "2.5 months" in the headline and no one bats an eye.
I'm more interested in options activity leading up to this.
The administration is trying to find who leaked this to the NY Times originally, which was a form of leaking classified information. Its obvious the recent market correct was kicked off by insider trading like this.
Oddly enough there are two main suspects, Rubio and Bessent or their teams. Bessent has more of a motivation to leak the story so the export controls would have to be enforced. If it turns out to have been traced back to the Treasury dept, the Treasury Secretary days in office are almost up.
Also, why would he be so motivated to leak it? Lower Treasury yields...
I'm having flashbacks to my friend trying to describe the Syndicate game to me in the 90s
it was in the NYT over a year ago (https://www.nytimes.com/2025/10/09/technology/nvidia-chips-c...)
the subtlety is that this was knowledge to the US Admin a year ago. reasonably, nvidia adopts the posture that it will sell as many chips as possible to all comers. if the USG blacklisted a company, they would stop immediately
now it emerges that factions within the gov either through malice or negligence or any other reason did not sanction the chinese shell company a full year after it was in the NYT. easy to blame on WH but just as much capitol hill boomer incoherence
jensen is collateral damage of a power struggle between other factions. thats why it was such a surprise for him and the only person really standing up for him is david sacks. tide went out on the midterms
See also https://nvidia.cool.computer/
There's no meaningful enforcement of white collar crime in the us. I wonder when these headlines will stop being written.
You want white collar crime to be enforced?
The lack of enforcement is an issue but the outright graft by the administration, whilst pardoning and protecting is worse.
So did the disgusting immoral Ro Khanna.
Wow, Ro Khanna sold $1B in nVidia stock?
It appears that you are easily fooled by weak evidence.
None of these executive can sell company stock on a whim. They are “insiders” and if they want to sell they have to schedule it a year plus out in advance.
Yet another example of the media failing to do the most basic research into the topic they report on.
Do better yahoo news!
The article does talk about that 90 day thing:
> In Stevens's case, he didn't have such a trading plan, but that's not necessarily a red flag on its own.
Sounds like it’s not necessarily required and wasn’t followed here?
The format of the article makes it seem like it ends because it has a list of links to other articles but then it continues on. Confusing formatting for sure. And I’m not sure I understood it correctly.
And example of the commenters here who don't know even the most basic things about US economics.