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.
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.