Before Huang Renxun’s extramarital affair broke out, Huida’s second largest shareholder quietly sold shares and cashed out more than 30 billion yuan

Former NVIDIA CEO Jen-Hsun Huang was recently revealed to have had sex with Chinese woman Huang Le and NVIDIA Vice President of Healthcare Kimberly Powell. Powell, Huang Renxun has resigned, which also triggered the collapse of Huida's stock price. However, it is worth noting that Huida's second largest shareholder sold approximately US$947 million (approximately NT$30.16 billion) in company stock in the months before Huang Renxun resigned on November 12. The time when he sold the stock was when Huida announced its impressive financial results and the stock price rose sharply.

According to documents submitted to the U.S. Securities and Exchange Commission (SEC), Huida director Mark Stevens was one of the investors who sold the most AI concept stocks in the third quarter of 2026, selling approximately 4.2 million Huida shares. Stevens sold his holdings three times. Stevens served as a director of Huida from 1993 to 2006 and rejoined the board in 2008.

The first batch of ordinary share transactions were conducted from August 31 to September 2, with the selling price per share ranging from 220 to 226 US dollars, and the realization of approximately US$411 million (approximately NT$13.09 billion). The second batch of transactions was conducted from September 3 to September 4, with the price per share ranging from 227 to 234 US dollars, and the cash realized was approximately 236 million US dollars (approximately NT$7.516 billion). The third batch of transactions was conducted on September 18, with each share selling for approximately US$220, and cashing out approximately US$300 million (approximately NT$9.555 billion).

The first two batches of stock sales conducted by Stevens at the end of August and early September were both after Huida announced its impressive second-quarter financial results. The financial report drove Huida's stock price to rise by about 10% in the following week.

However, Stevens still holds about 27.5 million Huida shares, which is a very large shareholding.

Huida's stock price closed at $162.85 on Friday (13th), a drop of nearly 13% this week since Huang Renxun admitted his extramarital affair on November 8.