NVIDIA director Mark Stevens sold approximately $410.8 million in company stock over three days last week, according to a filing with the U.S. Securities and Exchange Commission.
The transactions involved the disposal of 1,848,501 shares of NVIDIA common stock, executed on August 31, September 1, and September 2. Sale prices ranged from $220.06 to $226.27 per share, with the stock trading at $227.93 at the time of the report. The sales were conducted indirectly through the Third Millennium Trust, where Stevens and his wife serve as co-trustees.
Following the disposals, Stevens retains direct ownership of 11,544,612 shares and indirect holdings of 3,358,770 shares in the Third Millennium Trust. He also holds 15,017,750 shares in the Envy Trust, where he serves as trustee.
The transactions follow a period of strong performance for NVIDIA, which reached a 52-week high of $236.54. Analysts at JPMorgan reiterated an Overweight rating with a $320 price target, citing expectations of 70% year-over-year growth in fiscal 2028 driven by hyperscalers, neoclouds, AI labs, sovereign AI, and enterprise demand. Baird maintained an Outperform rating with a $500 target after a $35 billion cloud-computing agreement between Anthropic and NVIDIA-backed Lambda.
NVIDIA has also revived its Rubin CPX chip program, with production scheduled to begin in the first quarter of 2027, according to analyst Ming-Chi Kuo.
