Nvidia Unleashes Vera Rubin and RTX Spark While Director Stevens Sells $221M in Stock

Taipei’s Computex 2026 served as the stage for Nvidia’s next act — a sweeping product blitz across data centers and PCs. CEO Jensen Huang unveiled the production ramp of the “Vera Rubin” AI platform, successor to the Blackwell architecture, and alongside MediaTek introduced the “RTX Spark” processor aimed at bringing advanced AI inference to Windows machines. The chip, pairing a 20-core CPU with a Blackwell-based GPU, is positioned as the equivalent of the smartphone leap for PCs. Yet even as Huang described a supply chain double the size of its predecessor and assembly times slashed from two hours to five minutes, the stock was taking a different kind of beating.

Late last week, shares tumbled more than 4% in a single session, slipping to €180.64. The trigger was not company-specific but macroeconomic. A stronger-than-expected US jobs report — 172,000 new positions in May, double forecasts — pushed interest-rate cuts further into the distance, a particular headwind for richly valued tech names. Nor did a cautious outlook from Broadcom help: the chipmaker guided for roughly $16 billion in AI-chip revenue in its fiscal third quarter, below analyst hopes.

The selloff was compounded by a notable boardroom transaction. Between June 2 and June 4, director Mark A. Stevens sold one million Nvidia shares through a series of trusts, generating proceeds of roughly $221 million at weighted-average prices ranging from $217.66 to $222.38. An additional 307,500 shares were gifted to an undisclosed institution. Stevens still retains over 32 million shares across direct holdings and trusts including the Third Millennium Trust and Envy Trust, so the sale amounts to a modest reduction of a still-massive position — but its timing, coming amid a product offensive and ahead of a US Senate hearing on AI-chip export controls, added to market jitters.

Should investors sell immediately? Or is it worth buying Nvidia?

Despite the pullback, the stock’s technical picture remains intact. The 50-day moving average, currently at €174.45, offers a first line of support. On a year-to-date basis, the shares have advanced roughly 12% after Friday’s drop, though by midweek they had recovered to around €184.66, pushing the YTD gain nearer to 15%. That is still about 9% below the 52-week high set in May.

Fundamentally, the company is firing on all cylinders. For the first quarter of fiscal 2027, Nvidia posted revenue of $81.62 billion, up 85.2% year over year, and earnings per share of $1.87 — both ahead of consensus. Management guided for $91 billion in the current quarter. The Vera Rubin platform, built around an ARM-based “Vera” CPU that Nvidia claims outpaces rival processors, is expected to drive roughly $20 billion in CPU-related revenue this fiscal year. Morgan Stanley analyst Joseph Moore, fresh from Computex, reaffirmed an Overweight rating and a $288 price target, citing the new CPU line as a catalyst.

Two upcoming events could nudge the stock in opposing directions. On June 11, the US Senate holds a hearing on export restrictions for AI chips to China, which could directly affect Nvidia’s Blackwell supply scenarios. On June 26, the company pays its increased quarterly dividend of $0.25 per share — the ex-dividend date having already passed on June 4. The insider sale, the macro backdrop, and the policy risk create a layered picture: operational momentum is undeniable, but the market is weighing it against an unusually dense cross-current of signals from Washington, the boardroom, and the economy.