As a crypto investor, I’ve been watching Nvidia closely because of its impact on AI and, therefore, blockchain tech. It’s interesting – they just lost their spot as the most valuable US company to Apple again. Their stock took a pretty big hit recently, which means that momentum seems to have shifted for now.
AI chip stocks generally fell in value, as reported by the Wall Street Journal.
For the first time since April 2025, all stocks within the PHLX Semiconductor Index closed trading with a price lower than their average over the previous 50 days.
The index itself closed down 2.2 percent.
A recent Wall Street Journal report that Nvidia might pledge around $250 billion to fund a major OpenAI data center project caused investor concern, as it suggests Nvidia is already heavily committed to supporting its existing customers.
CXMT, a Chinese company that manufactures memory chips, had a successful first day of trading on the stock market. Meanwhile, Apple was reportedly urging the Trump administration to allow the use of Chinese-made chips in some of its products.
Experts have observed that decreased investment in new equipment is harmful to chip manufacturers, and competition from companies in China has become a much bigger problem than it used to be.
The Nasdaq composite slipped 0.2 percent.
The S&P 500 edged up less than 0.1 percent and the Dow industrials gained 0.5 percent.
Global oil prices fell below $89 a barrel.
Nvidia was the leading U.S. company as artificial intelligence grew in popularity, but it lost that position today.
Broader markets showed little movement overall as investors shifted focus to other sectors.
The recent drop in prices showed that investors are becoming more hesitant about spending on artificial intelligence, and are also concerned about possible changes in the supply chain, particularly regarding technology from China.
2026-07-28 10:23