Nvidia is down $10.00 (-4.84%). That's a lot of billions of market capitalization.
From 24/7 Wall Street, July 27:
NVDA fell 5% and AMD dropped 8% after the WSJ reported NVIDIA may guarantee $250 billion for OpenAI's data-center buildout.
Dell slid 4% on AI-server demand fears while Oracle has fallen 20% over the past month on overlapping data-center exposure.
NVIDIA guides $91 billion in Q2 revenue and AMD's data center revenue grew 57% YoY, keeping the fundamental bull case intact despite today's selloff....
....MUCH MORE
Our post after the WSJ exclusive crossed the tape:
Not Good - "Nvidia in Talks With OpenAI to Guarantee $250 Billion Financing for Data Center"
Not good at all....
Also at 24/7 Wall Street:
SanDisk Sinks 12%, Micron Drops 5%, SK Hynix Falls 8% as China’s CXMT IPO Rattles Memory Stocks
And the earlier:
"China memory chipmaker CXMT skyrockets 470% in Shanghai debut"