Nvidia Slides Double Digits as Mistral AI Secures $830M for Data Center
All ‘Magnificent Seven’ stocks, including Nvidia, have slid double-digit percentages from their 52-week highs during the recent tech selloff, with Microsoft and Meta down roughly 35%. French AI lab Mistral AI raised $830M in debt to build a Nvidia-powered data center near Paris, set to go live in Q2 2026.
1. Tech Selloff Hits Nvidia
Recent market turbulence has driven all ‘Magnificent Seven’ stocks, including Nvidia, to trade more than 10% below their 52-week highs. Microsoft and Meta have plunged about 35%, signaling investor rotation and heightened pressure on growth-oriented tech valuations due to higher interest rates and rising inflation.
2. Mistral AI’s $830M Debt Financing for Data Center
French AI startup Mistral AI secured $830 million in debt financing to build a data center in Bruyeres-le-Châtel near Paris, powered by Nvidia GPUs. The facility aims to begin operations in Q2 2026, underlining strong European demand for Nvidia’s AI infrastructure solutions.