Nvidia shares slide more than 5% after OpenAI funding talks, South Korea’s Kospi drops 10%
AI Market Summary
CNBC's report that Nvidia is in talks with OpenAI about a $250B AI-infrastructure financing backstop intensified concerns over the sustainability and funding burden of AI capex, pushing Nvidia down >5% and rippling into Asian semiconductors. Samsung and SK Hynix weakness drove a sharp KOSPI drawdown and broader regional tech declines, reinforcing a cross-market de-risking impulse in the AI complex.
Impact level
● High
Affected assets
NCSKNVDA2USD/USDT-6.86%
AI Insight · NCSKNVDA2USD/USDTAI Insight
▼ Bearish
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Nvidia confirmed it is in talks with OpenAI about providing a $250 billion financing backstop for AI infrastructure, raising fresh questions in markets about how sustainable the sector’s capital spending is. The news pushed Nvidia shares down more than 5% in a single session, with its market capitalization slipping just below $4.8 trillion. In Asia, Samsung Electronics and SK Hynix fell sharply, helping send South Korea’s Kospi down 10% on the day and about 45% below its June high.
