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

Insiders at publicly traded AI companies personally cashed out $7.4 billion near peak prices from May through October — right on time. An index of the largest AI stocks, the PHLX Semiconductor Sector, has crashed 32% since its October high. Since the start of November, this widely-followed AI index has declined 16% and on Thursday, US-listed stocks shed $3.2 trillion in market capitalization in a single trading session. Meanwhile, the Nasdaq 100 index collapsed 6.4%. Meltdowns were even worse abroad, including a limit-down circuit breaker after South Korea’s KOSPI index crashed 8.5% . Insiders at AI companies, however, are already sitting on cushy, realized gains. Across 282 SEC Form 4s from May through October, insiders at nine US AI companies cashed out $7.39 billion.

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