Nvidia Executive Vice President for Worldwide Field Operations Ajay K. Puri executed a set of stock sales on March 18, 2026, disposing of 299,970 shares of Nvidia common stock for an aggregate value of about $54.7 million. The trades occurred across several transactions, with prices recorded between $181.312 and $182.9386 per share.
In addition to those sales, Puri sold 69,529 shares the same day specifically to cover tax liabilities associated with the vesting of restricted stock units. That tax-covering disposition was recorded at a price of $181.93 per share and was valued at $12.6 million.
At the time these insider transactions were reported, Nvidia's share price was trading at $173. That level is below the company’s 52-week peak of $212 but still represents nearly a 47% gain over the past 12 months.
Market commentary included an InvestingPro analysis noting Nvidia appears undervalued at current levels and highlighting that 32 analysts recently revised earnings estimates upward. The company maintains a price-to-earnings ratio of 35.36, with the analysis pointing to strong growth prospects ahead.
Separately within the AI hardware and server ecosystem, Super Micro Computer confronted legal challenges as federal prosecutors in New York charged co-founder Wally Liaw and two others with conspiring to divert Nvidia GPUs to China. The indictment alleges the scheme involved roughly $2.5 billion worth of AI servers and violated U.S. export control rules. In response to the developments affecting Super Micro Computer, Bernstein SocGen Group reiterated a Market Perform rating and kept a $37.00 price target for the company.
Analyst coverage of Nvidia itself showed continued positive sentiment. Wolfe Research reiterated an Outperform rating with a $275.00 price target. Argus reaffirmed a Buy rating and projected $1 trillion in GPU revenue by 2027 following Nvidia’s GTC 2026 event. Raymond James increased its price target on Nvidia to $323, citing management’s optimistic outlook for cumulative GPU sales through 2027.
On the partnership front, Qnity Electronics announced a collaboration with Nvidia aimed at advancing AI-driven innovation in semiconductor and advanced electronics materials research. The collaboration is intended to leverage Nvidia’s technologies to enhance materials research across the semiconductor value chain.
Key points
- Ajay K. Puri sold 299,970 Nvidia shares on March 18, 2026, for approximately $54.7 million, with trade prices between $181.312 and $182.9386.
- On the same date, Puri also sold 69,529 shares to cover RSU-related taxes; that sale totaled $12.6 million at $181.93 per share.
- Analysts remain attentive to Nvidia’s growth prospects, with multiple firms reiterating positive ratings and higher price targets; InvestingPro notes 32 analysts recently revised earnings upward and reports a P/E of 35.36.
Risks and uncertainties
- Regulatory and legal exposure within the AI hardware supply chain, highlighted by federal charges against executives at Super Micro Computer, could affect the broader semiconductors and data center equipment markets.
- Near-term share price volatility: Nvidia trades below its 52-week high, which may introduce market sensitivity in equities and technology sector performance.