Nvidia Slump Highlights Fears Over AI Spending Ties to Suppliers
Nvidia slid about 5% after reports it was discussing roughly $250 billion in financing guarantees for an OpenAI data center and up to $350 billion for OpenAI chip purchases, fueling concerns that AI infrastructure spend depends on suppliers backing customers’ expansion. The selloff spread to other chip names and AI-linked stocks in Asia and Europe (ASML, CXMT among others), as investors await earnings from Apple, Meta, Microsoft and Amazon for signals on future AI capex, with hyperscaler spending and Nvidia’s financing exposure and progress by Chinese chipmakers likely to shape near‑term moves.
