Nvidia Shares Fall Toward $225 After $243.37 October Peak

Nvidia (NVDA) shares fell toward $225 on Oct. 12 after reaching $243.37 on Oct. 6, as investors assessed competing processors and the cost of expanding AI infrastructure.

Microsoft unveiled Maia 300, an in-house processor designed for artificial intelligence workloads. Microsoft says the chip can produce 40% more tokens per megawatt than leading GPU systems, while a rack with 96 accelerators could deliver up to seven times the token output of Maia 200.

Microsoft plans to deploy Maia 300 across its Azure cloud services in 2027. The rollout may reduce some customers’ reliance on outside chip suppliers, although Nvidia GPUs remain widely used for AI training and other computing workloads.

The announcement has added attention to whether AI infrastructure spending will translate into enough revenue to support continued expansion. Nvidia continues to supply data-center processors as major customers develop competing chips.

Investors are monitoring AI orders, spending, deployment schedules and borrowing as semiconductor stocks fall together amid scrutiny of customer plans and data-center costs. Markets are also watching whether spending and deployment plans support continued AI infrastructure growth.