Insiders at nine US AI companies sold $7.39 billion worth of shares between May and October, including more than $7.2 billion in discretionary sales. The selling came before the PHLX Semiconductor Sector index fell 32% from its October high. CoreWeave, Broadcom, Nvidia and AMD recorded the largest totals and all suffered sharp declines following the insider transactions. Nvidia director Mark Stevens alone sold more than $1.3 billion worth of shares, while AMD CEO Lisa Su sold $169 million worth of stock.
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