Nvidia: Insiders Submit Application to Sell $1.09 Billion in Stocks to Acquire Hugging Face
2026-09-03 21:38:08
According to CoinMeta, Nvidia Director Mark Stevens has submitted an application to sell up to 5 million shares of Nvidia, worth approximately $1.087 billion. Previously, the company announced a deal to acquire Hugging Face for $12.93 billion. As per the form submitted to the U.S. Securities and Exchange Commission on September 2, Stevens sold 500,000 shares and 885,000 shares on June 4 and June 18 respectively through its 3rd Millennium Trust, and then sold another 585,000 shares and 63,500 shares on August 31 and September 1 respectively. Despite these sales, investors continue to pay attention to Nvidia's continuously expanding AI business. Nvidia's most recent financial report shows revenue of $96.2 billion, and management expects sales in the third quarter to be around $108 billion.
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Source:Coinpaper
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