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Nvidia shares edged higher in premarket trading after reports indicated the chipmaker reduced its financial guarantee for OpenAI's Ohio data-center project from $250 billion to under $120 billion. Th…
Nvidia fell 4.4% on AI circular-investment fears despite a $500B SK Group deal and $250B OpenAI backstop talks. Oil plunged over 8% as US-Iran strikes paused, easing supply risk. Indexes traded mixed.
SoftBank sold $5.8 billion of its Nvidia stake amid large funding needs for OpenAI and other investments, causing Nvidia shares to fall alongside concerns over tech valuations and overexposure to AI.