Microsoft's Maia 300 Expansion and China GPU Slump Hit NVIDIA
NVDA sits 37% above its 52-week low of $164.27.
Summary
NVIDIA shares fell 1.6% after Microsoft announced expanded use of its in-house Maia 300 AI chips, planning to deploy over 1 million units by 2027 and scale inference to multi-gigawatt deployments. This intensifies competitive pressure on NVIDIA's data center dominance. Separately, NVIDIA's China GPU shipments dropped 44% year-over-year to 678,000 units in H1 2026, holding a 34% share amid a state-backed domestic chip push. TSMC's upcoming Q4 guidance is a key watch item for NVIDIA's production outlook. NVIDIA is also advancing optical module technology and a power delivery board with Navitas, and reportedly considering increased investment in Reflection AI.
At the time of this announcement, NVDA was trading at $224.49 on NASDAQ in the Technology sector, with a market capitalization of approximately $5.5T. The 52-week trading range was $164.27 to $243.37. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Wiseek News.