Nvidia Shares Fall 4.4% as Semiconductor Index Drops 6.8%
Photo: TokenPost
Nvidia shares fell 4.4% as a 6.8% drop in the Philadelphia Semiconductor Index put the cost of financing AI infrastructure back in focus for investors. The chipmaker's market value was about $5.12 trillion after the slide. It had recently reached $5.9 trillion as Nvidia shares touched $243.37, with strong fiscal second-quarter results and an upbeat third-quarter outlook supporting the rally. The pressure spread to AI cloud operators that lease GPU capacity to developers. CoreWeave dropped 10.06%, Applied Digital fell 9.01%, IREN lost 8.37% and Nebius declined 7.23%.
Source: TokenPost
