- Nvidia Director Mark Stevens sold nearly $40 million worth of shares of the company last week; he sold over $100 million worth of shares in December.
- Insiders have largely sold stock over the past two years.
- Retail traders remain flummoxed over Nvidia’s weak stock performance over the past months, although many see potential for long-term gains.
Nvidia board member Mark Stevens has sold $38.2 million in shares of the AI chipmaker, according to a late Tuesday securities filing, the latest in a series of large stock divestitures by top company executives over the past several months.
Nvidia shares jumped 1% in overnight trading, amid a broader rebound in the stock market after the U.S. indicated that it was negotiating with Iran to end the war.
NVDA Insider Sales
Stevens, a venture capitalist who rejoined the Nvidia board in 2008, had sold more than $100 million in Nvidia shares in two transactions in December.
Insiders have cumulatively sold about $230 million in shares year to date, which includes large divestitures by CFO Colette Kress and Executive Vice President Ajay Puri, among others, according to a compilation by Unusual Whales
Notably, Nvidia founder and CEO Jensen Huang sold $1 billion in company shares between June and November last year. Several institutional investors recently offloaded shares as well.
NVDA Stock Weakness
Insider sales notwithstanding, investors remain flummoxed over Nvidia’s weak stock performance over the past months despite the AI chipmaker posting record financials and releasing new servers and software at a brisk pace.
Even before the U.S.-Iran conflict erupted last month, the stock had been lagging, weighed down by a mix of market concerns – from stretched AI-driven tech valuations to growing unease over aggressive capital spending plans by Big Tech. Nvidia shares are down by over 17% since their Oct. 29 all-time high.
Latest Retail View On NVDA
On Stocktwits, retail sentiment for NVDA has mostly remained ‘bearish’ over the last three months. Several observers contend that the stock is now trading increasingly on macro developments rather than fundamentals, and many agree on the potential for long-term upside.
“Long term NVDA will be just fine even with the current weakness since '25 Nov,” a trader wrote. Nvidia has tested the $170 support level several times; “Even if it falls below 170 I'll be buying more - it'll be an even better bargain,” they said.
“$NVDA Oil coming down. NVDA going up,” said a user.
Another user speculated that the fall in Nvidia's stock is triggering stop-loss sales by large investors, which appears to be further depressing the stock.
Super Micro Controversy
In other news, Nvidia has been drawn into the Super Micro Computer controversy after the latter’s staff was charged with illegally smuggling Nvidia servers to China. Two U.S. senators have asked U.S. Commerce Secretary Howard Lutnick to investigate whether remarks by Nvidia CEO Jensen Huang may have misled U.S. officials and influenced their decision to grant Nvidia licenses to send its AI chips to China, Reuters reported.
Huang was photographed at an Nvidia conference last week with Super Micro co-founder Yih-Shyan “Wally” Liaw, the main accused in the case.
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