Nvidia stock was dropping again early Thursday. Artificial-intelligence spending commitments from Microsoft and Meta Platforms weren’t doing much to offset fears over cheaper AI development and curbs on chip exports.
SoftBank is in talks to lead a funding round for artificial intelligence robotics start-up Skild AI that would more than double its valuation to close to $4bn, as Masayoshi Son hunts for deals to match his vaunted ambitions for the sector.
The past few years have been undeniably profitable for Nvidia ( NVDA 4.43%) investors. The stock price has surged more than sevenfold over the past two years, and today, it topped the charts as the world's most valuable company in terms of market cap. The stock was up as much as 4.7% Wednesday morning. At 12:32 p.m. ET, the stock was still up 4.1%.
Nvidia dipped 0.8% after initially gaining, following a nearly 17% plunge on Monday—its worst drop since the 2020 COVID crash.
A major tech stock sell-off ensued Monday as the debut of DeepSeek rattled investors. Nvidia, Alphabet, and Microsoft were among the biggest losers.
Nvidia and other U.S. tech stocks are holding a bit steadier after tumbling the day before on doubts about whether the artificial-intelligence frenzy really needs all the dollars being poured into it
US chipmaker Nvidia dived 17 per cent, wiping off nearly USD 593 billion in the biggest market capitalisation loss in history, following a wave of selling as China's DeepSeek developed a free AI assistant using lower-cost chips.
On Tuesday afternoon, President Donald Trump held a press conference to announce Stargate, a $500 billion artificial intelligence (AI) infrastructure project in the United States. He called it the "largest AI infrastructure project, by far, in history."
US stock market: Following concern over Chinese Air Intelligence (AI) start-up DeepSeek, NVIDIA share price witnessed sharp selling on Monday. The US stock market's tech major, NVIDIA stock price, opened lower at $124.80 apiece on the NASDAQ and touched an intraday low of $116.70 per share.
Global investors dumped tech stocks on Monday as they worried that the emergence of a low-cost Chinese artificial intelligence model would threaten the dominance of AI leaders like Nvidia, evaporating $593 billion of the chipmaker's market value,