On July 30, NVIDIA rose 3.29% in regular trading, trading at $195.28/share, with turnover of $7.666 billion. The stock rebounded alongside the broader semiconductor sector after two consecutive sessions of heavy selling.
Over the prior two trading days, concerns over NVIDIA's reported $250 billion credit guarantee negotiations for OpenAI triggered fears of circular financing and off-balance-sheet leverage, sending the Philadelphia Semiconductor Index down over 4% on each session and dragging NVIDIA down a cumulative 8%-plus. The sector-wide rebound was catalyzed by Microsoft's strong fiscal Q4 results, which showed Azure cloud revenue growth of 43% year-over-year, accelerating from 40% in the prior quarter, with guidance for approximately 45% growth next quarter — effectively validating the returns on massive AI infrastructure investment.
Within the Semiconductor sector, the rebound was broad-based: Micron Technology rose 15.4%, Advanced Micro Devices gained 14.61%, Intel climbed 13.27%, SK hynix advanced 15.12%, and Taiwan Semiconductor Manufacturing added 7.29%. Wedbush previously noted that NVIDIA's credit guarantee for OpenAI, while carrying contingent liability risk, represents a positive move to lock in long-term compute orders.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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