Nvidia Drops 2.9% Ahead of Earnings; $6B Poolside AI Deal Revealed
NVDA sits 27% above its 52-week low of $164.07.
Summary
Nvidia shares fell 2.9% to $208.48 on Monday as the Nasdaq lost 0.76% amid AI-debt concerns and semiconductor volatility. The article reveals a new $6 billion deal with Poolside to build an open-weight AI model, a strategic move against Chinese competitors like DeepSeek. Nvidia reports quarterly earnings Wednesday after the close, with one strategist expecting the results to restore confidence in the AI trade. The SOX semiconductor index is down over 20% from late-June highs, in bear-market territory, but still up roughly 60% year-to-date. This follows recent high-score news on AI price hikes and SpaceXAI adopting Nvidia Vera CPUs, adding to the narrative around Nvidia's AI dominance.
At the time of this announcement, NVDA was trading at $208.54 on NASDAQ in the Technology sector, with a market capitalization of approximately $5T. The 52-week trading range was $164.07 to $236.54. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.