Why Nvidia stock is sliding today: chip stocks weaken as Meta deal meets an earnings countdown
Nvidia shares fell 0.7% to $186.69 in early afternoon trading Thursday, reversing part of Wednesday’s gain after a major AI chip deal with Meta. About 82 million shares traded as investors awaited Nvidia’s Feb. 25 earnings report. The Philadelphia Semiconductor Index also slipped 0.7%. Nvidia said the Meta partnership includes millions of GPUs and new CPUs, aiming to expand AI infrastructure.