**AI Market Surge: Insider Selling Raises Concerns**
In a significant surge, shares of major AI companies Nvidia, Palantir Technologies, Micron Technology, and Broadcom have risen dramatically between the start of 2023 and June 4, 2023, with increases of approximately 1,400%, 2,110%, 1,890%, and 650%, respectively. The global addressable market for artificial intelligence is projected to reach $15.7 trillion by 2030.
Despite this growth, insiders at these companies have reported substantial selling activity over the past three years—nearly $13 billion worth of total net sales. Specific figures include Nvidia at $5.02 billion, Palantir at $6.04 billion, Micron at $365 million, and Broadcom at $1.5 billion. Notably, insider buying has been minimal during the same period, raising concerns about the long-term valuation of these stocks as investors grapple with high price-to-sales ratios and historical trends of market corrections.
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