NVDA is trading 3.1% down now at $175.39, moving lower amid a broad tech and AI-related sell-off following cautious AI spending messages from Oracle and Broadcom.
- Investors are rotating out of megacap growth and AI names.
- Concerns are rising about the high cost and uncertain returns of AI infrastructure, pressuring Nvidia given its central role and elevated valuation.
- Major indices, including the Nasdaq and S&P 500, are also trading notably lower.