NVDA is trading at $185.06 (-3.18%) as CEO Jensen Huang clarified that the reported $100B OpenAI investment was never a firm commitment, easing fears of customer over-reliance.
- The CEO stated the investment would follow an incremental approach, addressing internal doubts about the massive commitment.
- The weakness follows broader tech rotation pressures, causing NVDA to lag the market even as the Nasdaq is up modestly despite a positive long-term AI outlook.