United States Representative Cleo Fields from Louisiana has disclosed a massive sale of Nvidia (NASDAQ: NVDA) stock in one of his rarest transactions.
Particulars of the transaction indicate that Fields sold the shares on February 5, 2025, but only reported the transaction on March 14, 2025, a five-week delay.
The trade, valued between $500,001 and $1,000,000, occurred amid Nvidia’s ongoing stock price volatility, with the price rising 3.34% after his sale.
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This is Fields’ only publicly disclosed congressional trade for 2025, with a total trading volume of $750,000.
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Since the partial sale, Nvidia has experienced massive price fluctuations, nearly dropping below the crucial $100 support zone. These losses were partly triggered by a broader stock market sell-off driven by uncertainty surrounding President Donald Trump’s trade tariffs and the DeepSeek AI impact.
While there’s no direct evidence of insider trading, the timing of the politician’s stock trades remains suspicious.
As a House Committee on Financial Services member, Fields has access to critical economic and regulatory information that could impact financial markets, including high-growth technology stocks like Nvidia.
It’s worth noting that Nvidia is among the most traded stocks in Congress. Many lawmakers have capitalized on its meteoric rise over the past year, thanks to the company’s ventures in the booming artificial intelligence (AI) space.
To this end, former House Speaker Nancy Pelosi is among the key beneficiaries, having recorded massive returns on her NVDA investments.
Overall, for 2025, congressional trades involving the American semiconductor giant have been dominated by sales as NVDA struggles to maintain its AI-fueled rally of previous years.
NVDA stock price analysis
At press time, Nvidia was trading at $119.52, down almost 2% since the close of the trading session. Year-to-date, NVDA’s share price has corrected by over 13%.
Although Nvidia’s fundamentals remain strong, such as strong earnings and demand for its next-generation Blackwell chips, short-term sentiment points to bearishness.
According to a March 17 Finbold report, short sellers have grown more skeptical. NVDA’s short volume ratio exceeded 50% for the first time in two weeks, indicating doubts about the stock’s upside momentum.
At the same time, macroeconomic factors, such as a potential recession or weaker-than-expected performance of Nvidia’s Blackwell product line, could lead to another NVDA price correction.
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