 Dear Friend, A drilling crew near the Grand Canyon just confirmed what the International Energy Agency calls one of the largest energy resources ever measured. Enough to meet global electricity demand 140 times over. Not 140 percent. One hundred and forty times. Everyone knew the energy was there. Reaching it was the problem - miles of solid rock. That changed last year. A crew drilled nearly three miles down in 16 days. The Department of Energy said it would take 64. They weren't after oil. They were after the heat. Google already signed a 15-year deal. Bill Gates wrote a $100 million check. And on August 18th, Washington hands this resource an edge no other energy source has. One company sits at the center. See the company behind the Grand Canyon discovery >> “The Buck Stops Here,”
Kelly Maguire
Behind the Markets
Further Reading from MarketBeat
AI Insider Activity: Are Sales Across 3 Key Stocks Noteworthy or Just Noise?Authored by Leo Miller. Published: 7/7/2026. 
Key Points
- Alibaba’s recent insider selling was dominated by one large discretionary sale from President J. Michael Evans.
- Cerebras insiders have sold shares after the company’s IPO, but the volume appears limited relative to the shares eligible for sale.
- CoreWeave’s insider sales are much larger and more persistent, creating a more meaningful overhang for investors.
- Special Report: Before SpaceX goes public, watch this tiny supplier closely
Insiders are selling shares in three key names tied to very different parts of the artificial intelligence (AI) value chain. That includes one of the world’s largest AI model developers, the newest AI chip company to go public, and the market’s largest neocloud. But insider sales often send mixed and sometimes unclear signals. So, are these latest moves simply noise, or do they tell investors something important? Alibaba Sees Spike in Sales, But Only 1 MattersAlibaba Group (NYSE: BABA) is best known for its massive Chinese e-commerce platform. However, outside the United States, Alibaba is also one of the world’s largest investors in AI. The company has developed its Qwen family of models. Although not necessarily considered a “frontier model,” Qwen has demonstrated strong intelligence capabilities.
Notably, Alibaba has recently seen a spike in insider sales. Sales totaled nearly $71 million in Q2, all in late June. None of those sales were made under a predetermined 10b5-1 plan, which means they were discretionary in nature. However, in many cases, that is not actually the full story. Other than company president Michael Evans’ $68.3 million sale, the remaining insider transactions were made to cover taxes on restricted stock units. As a result, they were neither discretionary nor especially worrisome. Evans’ sales, by contrast, were by far the largest and were discretionary. On June 29, 2026, Evans sold nearly all of his shares in two transactions, reducing his stake from 720,000 to just 28,000 shares. Overall, this very large sale is moderately concerning. However, only one insider made a move of this size. Going forward, investors may want to watch whether other insiders reduce their holdings to a similar degree, which would suggest greater unease among insiders. Insider Sales Eclipse $20 Million After Cerebras IPOCerebras Systems (NASDAQ: CBRS) went public in May 2026, entering the market with a highly unusual product in the AI semiconductor space. The industry knows the company for its “wafer-level” chips. Most semiconductors are typically cut from a single wafer during chip manufacturing. In Cerebras’ case, each chip is the size of an entire wafer. The company argues that this improves efficiency and has signed deals with OpenAI and Amazon.com (NASDAQ: AMZN) to supply chips. However, shares have fallen sharply since the IPO, down well over 30%. Cerebras also uses a staggered IPO lock-up expiration, allowing insiders to sell shares before the typical 90- to 180-day waiting period. As a result, insiders have sold approximately $21 million worth of shares over the past several weeks. None of those sales came under 10b5-1 plans. Overall, these insiders appear to be seeking liquidity even as shares have declined significantly, which is a somewhat concerning sign at first glance. It is also important to note that nearly 28 million shares held by directors, officers, and nonemployee investors became eligible for sale after Cerebras’ latest earnings report. The insider sales reported so far, however, represent only a small fraction of that total, suggesting insiders may still be exercising restraint despite a much larger selling window. CoreWeave’s Sales Reach All-Time High Levels in Q2CoreWeave (NASDAQ: CRWV) is AI’s best-known neocloud. The company has seen a high level of insider selling since going public in March 2025. Overall, MarketBeat has tracked nearly $8.5 billion in insider sales in the last 12 months. Notably, CoreWeave’s insider sales fell sharply to $396 million in Q1 2026. That compared with sales above $2 billion in each of the previous two quarters, suggesting CoreWeave’s selling may have been trending lower. However, Q2 2026 ultimately became the company’s largest quarter of insider sales yet, with the total reaching $3.27 billion. The vast majority of CoreWeave’s insider sales come through 10b5-1 plans. While that is often a mitigating factor, the company’s raw sales are so large that it does not change the picture much. Insiders have shown a pattern of selling this stock in large quantities, which is a real warning sign for investors. In addition, as shares rose 28% in Q2 2026, insider sales surged as well, adding pressure to the rally as insiders sold into strength. Overall, CoreWeave’s insider sales are not just bearish indicators; they also create a structural overhang on further appreciation. CoreWeave Sales Raise Red Flags; Monitor Alibaba and CerebrasTaken together, CoreWeave’s insider sales are the only ones that should raise real concern for investors at this point. The scale and persistence of the selling create a structural overhang that is difficult to ignore, even if many transactions were executed under 10b5-1 plans. Alibaba and Cerebras still deserve monitoring, but their recent insider activity appears more isolated or restrained by comparison. For investors, the real signal is not simply that AI insiders are selling. It is whether those sales reflect routine liquidity events, post-IPO monetization, or evidence that insiders see limited upside after a powerful run. . |
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