Nvidia Shares Slide 4%; AI Sales Up 85%, Black Market Chip Prices Double
NVDA•Nvidia shares fell over 4% as the Nasdaq closed down 2.21%, reflecting rising concerns about AI spending. In China’s black market, banned Nvidia AI chips doubled in price while Nvidia reports 85% year-over-year growth on AI, $250 billion annual revenue, far outpacing SpaceX’s $3.2 billion AI sales.
1. Market Sell-Off Pressures Nvidia Shares
Nvidia shares fell over 4% on June 23, contributing to the Nasdaq’s 2.21% decline as investors reassessed AI spending following higher interest rate signals.
2. Black Market Chip Prices Surge
In China, banned Nvidia AI chips have doubled in price on the black market, reflecting strong underground demand for high-performance accelerators despite export restrictions.
3. Robust AI Segment Outpaces Peers
Nvidia’s AI segment is growing at 85% year-over-year, driving over $250 billion in annual revenue; its valuation, though high, is supported by these robust growth metrics compared to SpaceX’s $3.2 billion AI revenue at 22% growth.
