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AI Boom Spurs Insider Selling by Nvidia, CoreWeave Billionaires
['Ella Feldman', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
Michael IntratorCEO, CoreWeave Inc.Total shares sold: 4,198,727Total value sold: $447,042,680Intrator has been CoreWeave's CEO since 2017, when it was founded as a crypto miner before pivoting to leasing computing power to AI developers.
CoreWeave shares traded as high as $138 earlier this year; they're now selling at just over $67.
Mark StevensDirector, Nvidia Corp.Total shares sold: 1,885,000Total value sold: $407,102,538A California venture capitalist with a stake in the Golden State Warriors, Stevens has been an Nvidia investor since 1993, when he first joined the chipmaker's board.
Frank SlootmanDirector, Snowflake Inc.Total shares sold: 1,508,066Total value sold: $353,773,495Slootman is a Dutch businessman and author with a reputation for leading companies through their IPOs.
Sanjay GajendraPresident and COO, Astera Labs Inc.Total shares sold: 960,000Total value sold: $241,444,006Astera Labs, the $45 billion chip maker, joined the Nasdaq-100 Index last month following its rapid growth as a supplier for AI infrastructure.