Zuck and Huang’s Awkward AI Chat: Lizard Allegations and Nvidia Stock Sell-Off Continue

At the annual Siggraph conference, where computer geeks (Final Boss edition) converge, Nvidia’s Jen-Hsun Huang and Meta’s Mark Zuckerberg hit the stage to discuss AI’s future. But what was supposed to be a historic unveiling felt more like an awkward first date—complete with cringe-worthy personal stories and a barrage of bad jokes.

Mark Zuckerberg, the ultimate metaverse, VR, and AI fanboy, has poured billions into these projects, even snagging 350,000 Nvidia H100 superchips to turbocharge Meta’s AI. He and Huang had plenty to discuss, but after last night’s cringe-worthy spectacle, those lizard allegations aren’t going away anytime soon.

Huang, with his usual excitement, talked about using AI to create art. He amusingly mentioned how a simple prompt like "an old Chinese guy enjoying a glass of whiskey with three dogs" could produce a great picture. It was a funny moment, but it didn't exactly set the room on fire.

(Source: Meta)

Zuckerberg then showed off Meta’s Segment Anything Model 2, an AI tool that can pick out and track objects in images or videos. He used a clip of cows on his ranch to demonstrate, only for Huang to joke, “They’re called delicious Mark’s cows,” which was met with awkward silence. Even a joke about making Philly cheesesteaks, where Zuckerberg claimed he was just the sous-chef to Huang’s lead and not very good at slicing tomatoes, didn’t get much of a reaction. But can you blame the audience? It should be a crime to eat tomatoes on a cheesesteak.

Despite their genuine friendship, the back-and-forth between these tech leaders didn’t quite hit the mark. Maybe the audience, expecting life-changing updates on AI, found the light-hearted chat too casual. Huang, always a good sport, kept trying to engage the crowd, even joking, “We’re CEOs, we’re delicate flowers, we need a lot of love back.”

No matter what the crowd thought, you could tell Huang knew how to keep things light. When you make a few billion a year, you can afford to joke around a bit, even if not everyone gets it. One thing that is no joke however, is that Jensen Huang has been selling his Nvidia shares nonstop like an AI trading algorithm. Even with a 12% dip in Nvidia’s stock price this month, Huang hasn’t slowed down his selling.

Since mid-June, Huang has sold 3.36 million shares for $424 million, averaging $126.23 per share. These sales are part of a Rule 10b5-1 trading plan, which allows company insiders to sell stock on a set schedule without worrying about insider trading rules. The plan sells stocks based on pre-set criteria, ensuring trades happen no matter what.

Interesting enough, Huang seems to be focused on selling a large number of shares rather than getting the highest price. Even as the stock price fell from $132.77 to $120.29 in late July, he kept selling 240,000 shares every few days. After a 10-for-one stock split in June, his plan aims to sell six million shares by March 2025. He’s already halfway there, with 2.64 million shares left, valued at around $300 million based on current prices.

This year’s stock sales have already surpassed last year’s, and with Nvidia’s impressive performance—up over 120% in 2024—it’s no surprise Huang is cashing in. With 78 million shares still in his personal account and another 786 million held through partnerships and trusts, Huang’s financial situation is more than comfortable.

Stock.News has positions in Meta.