By Yuvraj Malik
Publication Date: 2026-09-23 03:57:00
Nvidia reported 106% revenue growth in its latest quarter, led by a 117% jump in data-center sales.
Jensen Huang has said AI demand is accelerating as frontier labs and startups scale their systems.
Post the sale, Stevens holds more than 26 million Nvidia shares directly and through trusts.
Nvidia Corp. director Mark Stevens sold another 1.4 million shares worth about $300 million in transactions on Sept. 18, according to a new Form 4 filing on Tuesday, extending a pattern of large insider sales at the chipmaker.
Nvidia shares dipped 0.2% in overnight trading late Tuesday. Shares have closed in the green for six straight sessions, gaining 8.6% over this period.
Stevens Continues Selling Nvidia Stock
Stevens, a former Sequoia Capital managing partner, sold the latest lot at a weighted average price of $219.72, with another 10,000 shares at $220.42. The shares were held through trusts. Importantly, the filing does not indicate that the transactions were made under a Rule 10b5-1 trading plan.
The latest sales follow Stevens’s sale of roughly $640 million of Nvidia stock earlier this month. He has also been routinely selling Nvidia shares throughout 2026, including an $186 million sale in June.
Stevens remains a substantial shareholder, with the latest…
