NVIDIA director sells 350,000 frequent shares at $176.39 every

Key Takeaways

NVIDIA director Mark A. Stevens offered 350,000 firm shares at $176.39 every, totaling about $61.7 million.
Stevens has offered over $400 million value of NVIDIA inventory in 2024.

NVIDIA director Mark A. Stevens offered 350,000 shares at $176.39 every, in response to an SEC submitting disclosed immediately.

The transaction, valued at roughly $61.7 million, represents routine insider exercise for the longtime board member who has served the AI chipmaker since 2008.

Stevens offered over $400 million value of NVIDIA shares in 2024, with transactions occurring all year long

The sale comes as NVIDIA inventory has surged over 50% previously yr amid the AI growth, with the corporate sustaining an estimated 80-90% share of the info middle GPU market.

NVIDIA’s market capitalization exceeds $4 trillion, pushed by demand from tech giants like Microsoft and Google for AI infrastructure.