AI insiders had already cashed out $7.4 billion before stocks crashed

Brief

By Dextape Desk · November 6, 2026

Insiders at nine US AI companies sold about $7.39 billion of stock between May and October, according to 282 SEC Form 4 filings. Excluding $179 million in tax-related transactions, discretionary sales topped $7.2 billion across 243 filings. Executives and directors at Nvidia, Oracle, Micron, Broadcom, AMD, SanDisk, CoreWeave, Arista and Astera Labs were among the sellers. That selling preceded a sharp market drop. The PHLX Semiconductor Sector index has fallen 32% from its October peak, and US-listed stocks lost $3.2 trillion in value on Thursday. Nvidia director Mark Stevens sold $407 million of shares in June, and his 2026 sales exceed $1.3 billion. At AMD, seven insiders collected $262 million, with CEO Lisa Su's 360,000 shares accounting for $169 million.

Why it matters: The sales by executives at large AI and chip firms preceded a steep equity sell-off, a pattern relevant to crypto readers tracking AI-linked stocks.

Summary by Dextape, based on reporting by Protos. Machine-written from Protos’ report and checked against it · How Dextape writes