NVIDIA is trading 6.1% down today at $8.44 as part of a sharp, global pullback in semiconductor and AI-exposed stocks.
- Investor sentiment is weighed down by concerns over heavy AI infrastructure spending and rising competition from Chinese chipmakers.
- Risk appetite remains subdued as markets brace for a two-day Federal Reserve meeting, contributing to a broader slide in the Nasdaq.
- The decline is largely tied to sector-wide and macro factors rather than company-specific news, with the SOXX ETF dropping more than 4%.