Nvidia director Mark Stevens sells $51m in stock

Mark A. Stevens, a director at NVIDIA Corp (NASDAQ:NVDA), recently sold a significant portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Stevens sold a total of 358,849 shares over two transactions. The sales took place on June 6 and June 9, 2025, at an average price ranging from $141.8553 to $142.5091 per share. The total value of the transactions amounted to approximately $51 million. The stock, currently trading at $143.97, is near its 52-week high of $153.13, with InvestingPro data indicating overbought conditions.

Following these sales, Stevens still holds a substantial number of shares indirectly through trusts. The transactions were conducted by the Third Millennium Trust and the Envy Trust, where Stevens serves as a trustee. After these sales, Stevens maintains ownership of 8,855,848 shares directly and 16,070,550 shares indirectly. NVIDIA, now valued at $3.51 trillion, has shown strong momentum with a 17.15% return over the past year. For deeper insights into insider trading patterns and comprehensive analysis, check out NVIDIA’s detailed InvestingPro Research Report, part of our coverage of 1,400+ US stocks.

In other recent news, Nvidia has announced significant advancements in the supercomputing and AI sectors. The company, in collaboration with Hewlett Packard Enterprise (NYSE:HPE), is set to build a new supercomputer named the Blue Lion with the Leibniz Supercomputing Centre, using Nvidia’s next-generation "Vera Rubin" chips. Additionally, Nvidia’s JUPITER supercomputer, based on the Grace Hopper platform, has been declared Europe’s fastest system and is expected to achieve exascale computing capabilities. This development underscores Nvidia’s leadership in high-performance computing and AI workloads.

Moreover, Nvidia’s latest chips have demonstrated significant progress in training large AI systems, reducing the number of chips required. MLCommons released data indicating that Nvidia’s new Blackwell chips are over twice as fast as their previous generation. In another development, the UK Financial Conduct Authority has teamed up with Nvidia to offer advanced computing power in a new regulatory sandbox for financial firms testing AI tools.

Meanwhile, BofA Securities has maintained a Buy rating on Nvidia stock, with a price target of $180, citing strong demand for Nvidia’s cloud and enterprise offerings. The analysts highlighted Nvidia’s advantageous position in the AI sector and its potential to benefit from the ongoing AI trend. These recent developments collectively highlight Nvidia’s continued influence and innovation in the technology landscape.

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