Nvidia Drops Nearly 5%, Leading Chip Stocks Lower Amid Renewed Worries Over Circular Financing The recent decline in Nvidia's stock, coupled with a broader drop in chip stocks, has sent shockwaves through the tech industry.
At its core, this move is not just about a single company's fortunes but rather a symptom of a larger issue: the unsustainable pace of AI related investment.
Nvidia's consideration of backing $250 billion in funding for OpenAI to lease computing power for a US data center project has raised eyebrows.