NVIDIA is trading 4.2% down at $199.08 as part of a broad semiconductor pullback triggered by reports of a chipmaking breakthrough in China and profit-taking following an extended AI rally.
- The SOXX ETF is down sharply as investors reassess sector valuations and potential risks to AI-related capital spending.
- The decline persists despite positive news regarding a major AI infrastructure partnership between NVIDIA, Brookfield, and NAVER.