WS #12877
Nvidia drops 5% on reports of $750B+ in AI infrastructure deals with OpenAI, raising fears of circular financing and credit downgrades, dragging down AMD, Teradyne, MU and the broader semiconductor sector. Apple's market cap reaches ~$4.95T, overtaking Nvidia ($4.76T) as the world's most valuable company, a MAG7 carve-out against the tech selloff narrative.
AI Capex Concerns & Semiconductor Selloff
Nvidia drops 5% on reports of $750B+ in AI infrastructure deals with OpenAI, raising fears of circular financing and credit downgrades, dragging down AMD, Teradyne, MU and the broader semiconductor sector.
Apple's market cap reaches ~$4.95T, overtaking Nvidia ($4.76T) as the world's most valuable company, a MAG7 carve-out against the tech selloff narrative.