Nvidia shares fell nearly 2% to $224.32 during afternoon trading. The decline snapped a six-day winning streak for the company. Zacks Research upgraded the stock from Hold to Strong Buy, citing AI market dominance.
Director Mark Stevens disclosed the sale of 1.366 million shares. The insider transaction is valued at approximately $300.15 million. Recent filings show additional sales by an executive vice president and another director. Management continues to forecast 70% sales growth as AI chip demand exceeds supply.