Nvidia Stock Drops After AMD OpenAI Deal. What It Means for the Chip Maker.
1. NVDA stock fell 1.8% following AMD's $10 billion deal with OpenAI. 2. Foxconn reported record sales, indicating continued strong demand for AI servers. 3. AMD's stock rose significantly due to its deal with OpenAI, challenging NVDA. 4. Big Tech like Google and Amazon are developing their own chips, posing risks to NVDA. 5. Foxconn's growth signals positive trends in AI chip demand supporting NVDA's performance.