Nvidia Director Stevens Sells $61.7 Million in Shares

TigerSep 24, 2025 5:50 AM

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Director Mark A. Stevens of Nvidia sold 350,000 shares of common stock on September 19, 2025, for $61,737,305, according to an SEC filing disclosed. The sales occurred at prices ranging from $176.00 to $176.62, near the stock’s 52-week high of $184.55.

Stevens sold over $400 million worth of Nvidia shares in 2024, with transactions occurring throughout the year.

The sale comes as Nvidia stock has surged over 50% in the past year amid the AI boom, with the company maintaining an estimated 80-90% share of the data center GPU market.

Following the transaction, Stevens continues to hold 11,543,401 shares directly, 7,399,803 shares indirectly through the Third Millennium Trust, and 16,070,550 shares indirectly through the Envy Trust. With Nvidia’s market capitalization now reaching $4.34 trillion, these holdings represent significant value.

In other recent news, Nvidia has announced a significant strategic partnership with OpenAI, which has garnered attention from several investment firms.

UBS reiterated its Buy rating on Nvidia, highlighting the substantial revenue potential of approximately $400 billion over multiple years from this partnership.

DA Davidson also maintained a Buy rating, emphasizing the deployment of at least 10 gigawatts of Nvidia systems for OpenAI’s future models.

Benchmark echoed this sentiment, keeping a Buy rating and noting the agreement for AI data centers using Nvidia systems.

Bernstein reiterated an Outperform rating, suggesting Nvidia might invest up to $100 billion in OpenAI as part of this collaboration.

Rosenblatt Securities also reaffirmed its Buy rating, focusing on the deployment of Nvidia systems to support OpenAI’s next-generation AI infrastructure.

These developments underscore the optimistic outlook from analysts regarding Nvidia’s partnership with OpenAI.

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