Nvidia Director Unloads Nearly Half Billion Dollars in Shares

Nvidia Director Mark Stevens has offloaded nearly $410 million worth of shares in the company.

The sale represents about 5.82% of his Nvidia holdings, leaving him with around 30 million shares valued at roughly $6.91 billion.

The transaction took place between August 31 and September 4, with Stevens disposing of 1.85 million shares at prices ranging from $220 to $226 per share.

This comes after Nvidia reported strong second-quarter results, with revenue and profit roughly doubling from a year earlier due to high demand for its artificial intelligence processors.