Nvidia shares fall 9% and become semiconductor index's worst performer
Updated
Updated · Bloomberg · May 6
Nvidia shares fall 9% and become semiconductor index's worst performer
13 articles · Updated · Bloomberg · May 6
After closing at a record high on 27 April, the stock slid over six sessions and is now up just 5% this year.
That trails the Philadelphia semiconductor index, which has surged 55% in 2026 despite broadly upbeat earnings news for the artificial intelligence trade.
The latest report marks a deterioration from earlier in the day, when Nvidia had been described as only the index's third worst performer.
Could Nvidia’s sharp stock decline signal a fundamental shift in the AI chip market’s power dynamics?
With China’s AI chip market now closed to Nvidia, can alternative players or open source solutions fill the gap—and how might this reshape global competition?