Key insights
- NVIDIA director Mark Stevens sold over $221 million in stock between June 2-4, 2026, raising concerns despite the company's strong performance and recent AI acquisition. While the sales represent a small fraction of his total holdings and the company is considered undervalued, significant insider selling by a director can signal a lack of confidence or a desire to diversify, potentially creating short-term headwinds for the stock.
Mark A. Stevens, a director at NVIDIA Corp (NASDAQ:NVDA), sold a total of $221,102,600 worth of common stock in multiple transactions between June 2 and June 4, 2026. The shares were sold at prices ranging from $217.655 to $222.3774 per share. The sales come as NVDA trades at $218.72, with the stock delivering a 54% return over the past year. According to InvestingPro analysis, the company appears undervalued at current levels, with the stock trading near its 52-week high of $236.54. For deeper insights, investors can access NVDA’s comprehensive Pro Research Report, one of 1,400+ available on InvestingPro.
On June 2, Stevens disposed of 500,000 shares at a weighted average price of $222.3774. These shares were sold at prices ranging from $222.000 to $222.890. On June 4, he sold an additional 100,000 shares at a weighted average price of $217.655, with individual sales occurring between $217.500 and $217.820. Also on June 4, another 400,000 shares were sold at a weighted average price of $220.371, with prices ranging from $220.000 to $220.930. All these sales were indirect holdings, held by the Third Millennium Trust, of which Stevens and his wife are co-trustees.
Separately, on June 4, Stevens also made a gift of 307,500 shares of common stock without consideration. This transaction also involved shares held indirectly by the Third Millennium Trust. Following these transactions, Stevens’ indirect holdings through the Third Millennium Trust amount to 6,092,271 shares. He also holds 15,017,750 shares indirectly through the Envy Trust, of which he is trustee, and 11,543,401 shares directly.
In other recent news, Nvidia has made significant strides in the artificial intelligence sector. The company acquired Kumo AI, a startup specializing in predictive enterprise AI software, for over $400 million. This acquisition aims to enhance Nvidia’s portfolio of AI models tailored for its hardware, offering enterprises additional customization options. In a separate development, Generalist AI, a robotics startup backed by Nvidia, secured $400 million in funding, valuing the company at $2 billion. This funding round was led by Radical Ventures and included participation from notable investors like 8VC, Union Square Ventures, and Bezos Expeditions.
Additionally, South Korea’s LG Group is set to adopt 10,000 Nvidia graphics processing units to advance its AI research and development, including a humanoid robot project by LG Electronics. Meanwhile, Navitas Semiconductor announced a collaboration with Nvidia’s MGX™ Ecosystem to enhance 800 VDC AI infrastructure, marking another significant partnership for Nvidia. Lastly, billionaire investor Ray Dalio expressed concerns about a potential bubble in the AI market, highlighting the risks companies face in balancing spending to capture market share. These developments underscore Nvidia’s active involvement and influence in the rapidly evolving AI landscape.
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