Nvidia shares slip over 2% as investors brace for earnings and price hike news

Nvidia’s stock slipped just over 2% on Monday afternoon, continuing a seven-day losing streak as investors await the company’s second-quarter earnings announcement scheduled for Wednesday after the bell. Over the weekend one outlet reported that Nvidia told its largest customers it could raise server-chip prices by as much as 15% next year, citing higher memory expenses. The sell-off was part of a wider retreat in semiconductor equities, with peers AMD, TSMC and Broadcom also posting losses and the Philadelphia Semiconductor Index dropping 2.7%.

Analysts noted ongoing criticism of Nvidia’s “circular financing” approach, which involves taking equity stakes in major AI customers like OpenAI and Anthropic, and growing political resistance to the data-center expansion needed for AI workloads. Despite the dip, the stock remains near $210, up more than 11% year-to-date, and some analysts, such as one from Cantor Fitzgerald, forecast a rapid rebound with a $350 price target. One outlet estimated CEO Jensen Huang’s net worth at $181.7 billion, a decline of about $3.8 billion after the share slide.