NVIDIA's stock reached a year-to-date intraday low on February 5, 2026. The share price fell to approximately $172 during the session. This decline reflects a broader market repricing of the long-term AI growth cycle. Investors are also weighing potential margin shifts and persistent geopolitical risks concerning sales in China.
Uncertainty regarding a major investment in OpenAI accelerated the market reassessment. Initial reports suggested a $100 billion deal. CEO Jensen Huang confirmed a significant investment is still planned at a reduced scale. These developments contributed to a 10% drop in NVIDIA's stock price over the week.
Huang also addressed a simultaneous sell-off in software stocks. He characterized fears of AI disrupting the software sector as illogical. Huang stated that AI technologies will utilize existing software tools instead of replacing them.