Nvidia director Mark Stevens sells another $300M in shares (NVDA:NASDAQ)

Nvidia Corp. director Mark Stevens sold 1.4 million shares worth $300M on Sept. 18, according to a Form 4 filing. NVDA shares dipped 0.2% in overnight trading after a 6-day winning streak. Stevens has sold $640M in Nvidia stock this month and $186M in June. Nvidia reported $96.2B in Q2 revenue, up 106%, and projected 70% revenue growth for fiscal 2028. Retail sentiment on Stocktwits remains neutral.

SB Energy, backed by SoftBank and Nvidia, has delayed its IPO plans, which were targeting a $50 billion valuation. The company's $4.9 billion debt package has seen weak demand with yields around 10%. Nvidia has invested $1.5 billion and committed another $1.5 billion tied to the IPO. American Electric Power (AEP) is involved through a regional power partnership. Nvidia's exposure includes a $105 billion guarantee under certain conditions.

NVIDIA's Rubin Client GPUs, part of the GeForce RTX 60 series, received approval for a 2027 release, starting at $2500. The flagship RTX 6090 model is expected to offer a 50% performance boost over the RTX 5090. NVIDIA aims to maintain market leadership ahead of AMD's RDNA 5 solutions, with production flexibility based on market conditions. The company faces challenges in securing TSMC's advanced production lines due to high demand for AI-related chips.

NVIDIA (NVDA) director Mark A. Stevens sold 1.36M shares via trusts at an average price of $219.72, and 10,000 shares at $220.42. He retains 11.54M shares directly and 15.02M indirectly. No 10b5-1 plan was indicated.

Bernstein analysts maintain bullish views on Nvidia (NVDA) and Broadcom (AVGO), citing strong growth prospects and attractive valuations. They set price targets of $400 for Nvidia (75% upside) and $575 for Broadcom (58% upside). Both companies trade at lower P/E ratios compared to their 5-year averages, suggesting potential cushion against AI sentiment weakness. Nvidia and Broadcom executives also expressed confidence in sustained AI demand.

AMD reached a $1 trillion market cap as shares rose 9.6% to $613.31 on Sept. 21, driven by AI demand. The company is positioning itself as a key competitor to Nvidia in AI infrastructure, with shares up 185% in 2026. AMD's forward earnings multiple is 41, reflecting high growth expectations.