Reported about 8 hours ago
Nvidia's stock fell 3.6% leading a decline in the tech sector after a Trump official stated there would be no federal bailout for the AI industry, prompting concerns over overvaluation. This statement followed remarks from OpenAI's CFO about potential government guarantees for financing AI chips. The decline in Nvidia's stock came after other semiconductor companies also faced losses amidst market jitters and worries about a potential bubble in the AI sector.
Source: YAHOO