NVIDIA director sells 350,000 common shares at $176.39 each
Mark A. Stevens' latest $61.7 million stock sale reflects ongoing insider activity as NVIDIA stock surges amid AI market dominance.
Photo: Mariia Shalabaieva
Key Takeaways
- NVIDIA director Mark A. Stevens sold 350,000 company shares at $176.39 each, totaling about $61.7 million.
- Stevens has sold over $400 million worth of NVIDIA stock in 2024.
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NVIDIA director Mark A. Stevens sold 350,000 shares at $176.39 each, according to an SEC filing disclosed today.
The transaction, valued at approximately $61.7 million, represents routine insider activity for the longtime board member who has served the AI chipmaker since 2008.
Stevens sold over $400 million worth of NVIDIA shares in 2024, with transactions occurring throughout the year
The sale comes as NVIDIA stock has surged over 50% in the past year amid the AI boom, with the company maintaining an estimated 80-90% share of the data center GPU market.
NVIDIA’s market capitalization exceeds $4 trillion, driven by demand from tech giants like Microsoft and Google for AI infrastructure.
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