Today’s Top Stories: Nvidia, Coca-Cola, PayPal and Falling Oil Prices

TLDR

• Semiconductor stocks including Nvidia and AMD fell as investors questioned AI valuations
• Nvidia may help finance OpenAI’s $250 billion AI data centre project
• Coca-Cola beat earnings expectations with strong global demand
• PayPal topped Wall Street estimates with growth in payment volumes and profitability
• Falling oil prices eased inflation concerns and lifted broader market sentiment

AI Chip Stocks Under Pressure as Markets Reassess Valuations

The semiconductor sector faced another tough session on Wall Street. Nvidia, AMD, and Micron all traded lower as investors took profits after a two-year AI-driven rally.

Analysts say the selling isn’t tied to weaker demand for AI chips. Instead, investors are questioning whether share prices have moved too far ahead of future earnings.

AI infrastructure spending remains strong, but markets are asking whether those investments will turn into real profits anytime soon.

Nvidia and the OpenAI Mega Project

Nvidia made headlines for a different reason. Reports emerged that the chipmaker could help finance OpenAI’s new AI data centre project, reportedly valued at up to $250 billion.

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