Nvidia (NVDA) Stock Drops After Oracle Selects AMD as Chip Partner

TLDR Nvidia stock dropped 4.4% on Tuesday as Oracle announced a partnership with AMD to deploy 50,000 AI processors starting in Q3 2026, raising competition concerns The company invested $2 billion in Elon Musk’s xAI venture and will supply GPUs for the Colossus 2 data center, potentially scaling to 200,000 Blackwell GPUs U.S. Commerce Department [...]

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