StocksMedium•12 October 2026•
1 min read
Nvidia Shares Dip as Microsoft Unveils Maia 300 AI Chip to Reduce Supplier Reliance
Key Facts
1Nvidia shares fell 1% to $226.55 following Microsoft's announcement of its new processor.
2Microsoft introduced its third-generation Maia 300 processor to reduce reliance on Nvidia and lower costs.
Nvidia shares fell 1% to $226.55 following Microsoft's announcement of its new AI processor. Proactive Investors reported that Microsoft introduced its third-generation Maia 300 processor, a move designed to reduce the company's reliance on Nvidia chips and lower the costs of running AI workloads.
Nvidia closed at $229.28 on October 9, 2026, while Microsoft closed at $535.07 on the same date. This competitive shift occurs alongside varied performance in the semiconductor sector, with AMD closing at $608.1 and TSM at $453.31 on October 9, 2026.