Nvidia and Chip Stocks Slide on Inflation Fears and AI Spending Concerns

Key Facts

1Nvidia shares fell more than 2.5% on Thursday, bringing its losses over the past five trading sessions to approximately 8%.

2The iShares Semiconductor ETF dropped more than 11% over five days, reflecting widespread weakness across the semiconductor sector.

3Investor sentiment was weighed down by updates from TSMC and startup Anthropic, prompting a reassessment of AI spending sustainability.

Nvidia shares fell more than 2.5% on Thursday, bringing its total losses over the past five trading sessions to approximately 8%. Invezz reported that the iShares Semiconductor ETF dropped more than 11% over the same five-day period, reflecting widespread weakness across the semiconductor industry. Investor sentiment was weighed down by updates from TSMC and the startup Anthropic, prompting a reassessment of the sustainability of massive capital expenditures in AI infrastructure.

NVDA closed at $221.30 on October 14, 2026, while TSM closed at $430.00 on the same date. Regarding sector peers, AMD closed at $570.82 and INTC closed at $98.12 on October 14, 2026. These price movements occur as rising inflationary pressures and expectations of higher-for-longer interest rates fuel concerns regarding financing costs and the long-term returns on AI-related investments.