NVIDIA EVP, general counsel Teter sells $6.5m in stock

Timothy S. Teter, Executive Vice President, General Counsel, and Secretary at NVIDIA Corp (NASDAQ:NVDA), sold 30,000 shares of common stock for a total value of $6,536,514 on August 31, 2026. The sales were executed at prices ranging from $216.26 to $219.25 per share and were conducted under a Rule 10b5-1 trading plan, which Mr. Teter adopted on May 22, 2026.

The transactions involved three separate dispositions: 6,692 shares at a weighted average price of $216.8411, 13,913 shares at a weighted average price of $217.9514, and 9,395 shares at a weighted average price of $218.5265. These shares were beneficially owned indirectly through The Horne Teter Family Living Trust, of which Mr. Teter serves as trustee.The sale comes as NVIDIA shares trade at $224.41, near their 52-week high of $236.54. According to InvestingPro analysis, the stock remains undervalued relative to its Fair Value, placing it among companies on the Most Undervalued list. The semiconductor giant commands a market capitalization of $5.42 trillion while maintaining strong fundamentals with 83% revenue growth.

Following these transactions, Mr. Teter’s direct beneficial ownership stands at 334,436 shares, while The Horne Teter Family Living Trust indirectly holds 2,687,660 shares.

In other recent news, Nvidia has been in the spotlight with several significant developments. A major highlight is the $35 billion cloud-computing agreement signed by Anthropic with Lambda, a cloud provider backed by Nvidia. This deal involves Hut 8, a bitcoin miner and data-center developer, which is developing the data center in Texas. Nvidia had previously secured capacity with Hut 8, emphasizing the company’s strategic moves in cloud computing.

In addition, Nvidia has restarted its Rubin CPX chip program, which was previously believed to be canceled. According to Ming-Chi Kuo of TF International Securities, production for this program is set to begin in the first quarter of 2027. On the financial front, JPMorgan reiterated an Overweight rating on Nvidia, citing a positive growth outlook driven by strong demand across various sectors.

Baird also maintained an Outperform rating on Nvidia, highlighting the importance of the Anthropic cloud deal. These recent developments underscore Nvidia’s ongoing efforts to expand its capabilities and market presence.