• NVDA is trading -3.23% lower at $201.91 as broader tech sentiment weighs on the stock.
  • This decline is also influenced by concerns over declining leasing prices for its AI chips, particularly the B200 model, and hyperscalers developing proprietary AI alternatives to reduce dependence on Nvidia.
  • Market participants are adopting a risk-off stance ahead of Thursday’s PCE inflation report, which has placed the broader technology sector under pressure.