Nvidia Shares Slip 2% Following Director Mark Stevens' $300 Million Stock Sale

Nvidia shares dropped nearly 2% to $224.32 on Wednesday, halting a six-session winning streak after regulatory filings revealed major insider selling. Director Mark Stevens sold approximately 1.366 million to 1.37 million shares, securing roughly $300 million in gross proceeds on September 18 without a prearranged Rule 10b5-1 trading plan. Stevens' recent disposals total nearly $947 million, part of more than $2 billion in aggregate Nvidia insider sales over the past year. Despite the divestments, Stevens retains roughly 27.53 million shares valued at about $6.3 billion.