Nvidia Stock Slides As $500B Stargate AI Venture Reportedly Stalls

Benzinga
2025.07.22 19:38
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Nvidia's stock fell 2% to $167.96 amid concerns over the $500 billion Stargate AI venture with SoftBank and OpenAI, which is reportedly facing significant delays and scaling back its goals. The project has not secured major data center deals due to partner disagreements, impacting demand for Nvidia's data center GPUs. Despite strong growth and momentum scores, Nvidia's stock is considered expensive, with a low value score. The 52-week high for NVDA shares is $174.25, and the low is $86.62.