Nvidia: Internals submitted $1.09 billion in stock sales and acquired Hugging Face

The director of Nvidia, Mark Stevens, submitted an application for a planned sale of up to 5 million shares of Nvidia stock, valued at approximately $1,087 million, after the company had announced a purchase of Hugging Face at $12.93 billion. According to the form submitted to the United States Securities and Exchange Commission on 2 September, Stevens sold 500,000 shares on 4 June and 885,000 shares on 18 June through 3rd Millenium Trust, and 585,000 shares on 31 August and 635,000 shares on 1 September. Despite sales, investors remain concerned about the expanding AI business of Nvidia. Nvidia ' s latest financial report showed that revenues amounted to $96.2 billion and management expected sales to be about $108 billion in the third quarter。