Huang Renxun sold about 891 million shares of Nvidia shares in three days, cashing out more than $4200.

Thanks to CTOnews.com netizens for the delivery of digital whale clues! CTOnews.com, September 10, local time Wednesday (September 6), Nvidia's filing with the Securities and Exchange Commission (SEC) shows that Huang Renxun, the company's president and CEO, sold about 891,000 shares of Nvidia shares in three days.

According to the documents, Huang Renxun cashed in his options on September 1, 5 and 6, selling 29688 shares of Nvidia every day, totaling about 89100 shares.

Huang Renxun acquired the shares for $4 a share by exercising options, with a total value of about $356300, while when he sold the shares, Nvidia shares averaged about $480.87 per share, with a total value of about $42.8282 million. This means that Huang Renxun made a profit of more than $42 million (before transaction fees and taxes) from the cash-in shares.

In the past 10 days, three of four analysts from Goldman Sachs, Citigroup and Bernstein have maintained or reaffirmed their "buy" ratings on Nvidia shares and set a target price of more than $600 over the next 12 months.

However, not all investors believe that Nvidia's share price can continue to rise. Investor Rob Arnott claimed it was a bubble and was likely to burst soon. "Nvidia may be riding the wave of the computer science revolution, but its stock is a typical story of the 'big market illusion' (Big Market Delusion)," he said.

CTOnews.com noted that Nvidia shares have performed well this year due to the popularity of artificial intelligence, with Nvidia shares up 228.75% so far, far exceeding the 16% return of the S & P 500 over the same period.