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NVIDIA Stock Price Slides 3% Despite Amazon Chip Deal as Oil, Rate Fears Hit AI Trade
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NVIDIA Stock Price Slides 3% Despite Amazon Chip Deal as Oil, Rate Fears Hit AI Trade
Nvidia shares fell 3.1% to $172.70 Friday despite a major Amazon cloud deal for 1 million GPUs, leaving the company valued at $4.53 trillion. The drop followed rising oil prices and renewed rate hike fears tied to Middle East tensions. Amazon’s agreement covers seven Nvidia chips for AI inference, with shipments starting this year. Analysts remain bullish, but Nvidia faces tougher competition and regulatory scrutiny in AI inference markets. The …
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