One of Nvidia’s (NASDAQ: NVDA) most prolific insider traders – Director Mark Stevens – accelerated his selling activity and dumped 1.8 million NVDA shares worth a total of $407 million in June.
Specifically, on June 18, he executed his second and slightly smaller trade in which he offloaded 885,000 shares at an average price of $210.17, raising just under $186 million.
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This sale came 16 days after Stevens sold 1 million Nvidia shares at a higher average price of $221.10 for a total of $221.1 million.
Notably, the director’s two trades ensured that June featured the most NVDA insider selling of any month since September 2025 in terms of both the equity moved and the total value.
While stock market activity of a company’s senior personnel is usually not an indication of structural shifts for the business due to the rules designed to prevent insiders from benefiting from non-public information, the extensive June selling is, nonetheless, interesting in its timing.
Nvidia stock falls PERCENTAGE in June on waning AI boom narrative
Nvidia has been one of the biggest beneficiaries of the artificial intelligence (AI) boom ever since it began with the public release of ChatGPT in late 2022, and June 2026 has seen debate over the movement’s sustainability reach new heights.
Indeed, the month has been particularly turbulent between concerns over the costs and profitability of the technology, backlash to usage-based billing, leaked financials from industry titans such as OpenAI, and rising public dissatisfaction with matters such as the environmental impact.
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This signal is triggered upon the reporting of the trade to the Securities and Exchange Commission (SEC).
The U.S. stock market has also been declining since June 1 despite several brief rallies, and the benchmark S&P 500 index is down 3.09% month-to-date (MTD). Nvidia’s shares fell 10.86% from $224.36 to $200 over the timeframe.
Simultaneously, it is also interesting that the blue-chip chipmaker saw accelerated insider selling activity between September 2025 – shortly before NVDA recorded its yearly highs – and December of the same year.
Meanwhile, 2026 saw the semiconductor giant underperform the wider market, rising 5.9% year-to-date (YTD) to the S&P 500’s 7.39%.
Featured image via Shutterstock
