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Director A. Brooke Seawell of NVIDIA CORP (NASDAQ:NVDA), a dominant player in the semiconductor industry with a market capitalization of $4.01 trillion, sold 103,673 shares of common stock between July 8th and July 10th, 2025, for approximately $24 million. The sales occurred at prices ranging from $159.0372 to $164.2981, with the stock trading near its 52-week high of $164.50.
On July 8, Seawell sold 49,595 shares at a weighted average price of $159.0372, with prices ranging from $158.480 to $159.470, and 705 shares at a weighted average price of $159.5989, with prices ranging from $159.510 to $159.740. On July 9, Seawell sold 19,922 shares at a weighted average price of $162.9602, with prices ranging from $162.255 to $163.250, 28,199 shares at a weighted average price of $163.6163, with prices ranging from $163.260 to $164.240 and 850 shares at a weighted average price of $164.2981, with prices ranging from $164.260 to $164.390. On July 10, Seawell sold 22,292 shares at a weighted average price of $162.3193, with prices ranging from $161.625 to $162.620, 21,333 shares at a weighted average price of $163.0789, with prices ranging from $162.625 to $163.620, and 5,506 shares at a weighted average price of $163.9091, with prices ranging from $163.630 to $164.180. InvestingPro data shows NVIDIA has delivered strong returns, with the stock up over 20% in the past six months.
The shares sold were held by The Rosemary and A. Brooke Seawell Revocable Trust, of which Seawell is a trustee. Following these transactions, Seawell directly holds 10,387 shares and indirectly holds 4,326,382 shares of NVIDIA CORP.
The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 19, 2025, to meet estate tax obligations.
In other recent news, Vertiv Holdings (NYSE:VRT) Co. remains under the spotlight as Evercore ISI reiterated its Outperform rating on the company, maintaining a price target of $150. This follows the announcement by Amazon (NASDAQ:AMZN) Web Services of a new liquid cooling solution, with Vertiv likely playing a key role in providing components for AWS’s system. Meanwhile, Huawei Technologies is attempting to export AI chips to the Middle East and Southeast Asia, seeking to establish a presence in markets where Nvidia currently holds dominance. Despite no finalized deals, Huawei is offering its older-generation Ascend 910B AI chips to potential customers in these regions.
Nvidia is also in the news, with Mizuho (NYSE:MFG) suggesting that potential revenue from China could serve as a positive catalyst for the company. This comes as Nvidia plans to meet with Chinese officials and develop a new AI GPU chip to comply with U.S. export controls. Additionally, Goldman Sachs has initiated coverage on Nvidia with a Buy rating and a price target of $185, citing the company’s strong position in accelerated computing. President Donald Trump has called for Federal Reserve rate cuts, highlighting record highs in technology stocks, including Nvidia, as a backdrop for his request.
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