Chip Stocks Extend Selloff to Third Day as Nvidia Drops on AI-Capex and Deal Worries
- Semiconductor names fell for a third straight session Monday, with Nvidia off 3.93%, AMD down 7.14%, Micron losing 6.48% and Lam Research sliding 6.2%, per market data compiled by Business Upturn.
- Nvidia credit-default swaps also widened in the derivatives market on reports it is in talks to guarantee roughly $250 billion of OpenAI's data-center financing, Bloomberg reported.
- The Philadelphia Semiconductor Index is now down roughly 4.5% from Thursday's close, as investors continue to question AI-infrastructure returns heading into Big Tech earnings and Wednesday's Fed decision.