Jensen Huang sold a record amount of Nvidia shares from his portfolio in July, bringing his total sales this year to nearly $500 million ahead of a global stock sale. The Nvidia chief sold $322.7 million worth of his company’s stock in July and has sold nearly $500 million this year, according to filings with the U.S. Securities and Exchange Commission.

The sales are part of a pre-determined trading plan that Jensen Huang submitted in March. The tech chief made the stock sale ahead of the broader sell-off that began after a series of weak U.S. economic data and missed tech earnings due to recession fears in the country.

Since 2020, Jensen Huang has sold $1.4 billion worth of company stock, and according to a separate announcement, he will sell more of his shares in August.

Is Jensen Huang’s move exactly like Warren Buffett’s?

Warren Buffett has sold 55.8% of Berkshire Hathaway’s Apple stock holdings in the first six months of 2024 and has sold 505 million Apple shares since the end of 2023. Warren Buffett bought the iPhone maker’s shares in 2016, spending about $40 billion. Since Berkshire first disclosed its stake, Apple shares have delivered a total return of nearly 800%, the Financial Times reported.

This year, he reduced Berkshire’s Apple stake by 13% in the first quarter of 2024 and sold another 49% in the second quarter ended in June, the Wall Street Journal reported, citing Berkshire regulatory filings.