# Nvidia Shares Fall 3.2% Amid Inflation and Rate Concerns

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/32372
Published: 2026-10-15T07:54:50.000Z
Updated: 2026-10-15T07:54:50.000Z
Section: Investing

> September CPI rose 3.7% year over year, above the 3.6% economists expected, while the Nasdaq fell 1.9%.

Nvidia shares dropped 3.16% to $221.30 Wednesday, Oct. 14, as September inflation exceeded expectations and U.S. stocks fell broadly, with investors weighing whether higher interest rates could raise financing costs for AI data center expansion.

The shares closed $7.22 below the previous session’s $228.52 finish. The Consumer Price Index release came at 8:30 a.m. ET (12:30 UTC), hours before the U.S. market closed at 4 p.m. ET (20:00 UTC).

The Consumer Price Index for All Urban Consumers rose 0.6% in September from August, seasonally adjusted, accelerating from a 0.4% monthly increase in August. Prices were up 3.7% over 12 months, compared with economists’ 3.6% expectation. The annual rate had been 3.4% through August.

Energy costs drove much of the monthly increase. A 9.1% jump in gasoline accounted for over half of September’s all-items CPI increase. Core CPI, which excludes food and energy, increased 0.3% for the month, matching August’s pace. Core prices rose 2.6% over the year.

The split between the headline and core readings showed overall monthly inflation accelerating while core inflation held steady. Market concerns centered on whether higher interest rates would make data center projects more expensive to finance. Higher borrowing costs could make it harder for companies to expand those facilities and spend on the AI chips used in them, though the inflation figures alone do not establish a single cause for Nvidia’s decline.

The declines extended across major U.S. indexes and other chip stocks. The Nasdaq Composite fell 1.9%, and the S&P 500 lost 1.1%. Advanced Micro Devices dropped 5.7%, while Broadcom declined 3.1%.

Vanguard senior economist Adam Schickling said consumers’ sensitivity to prices could help cool inflation, but “patience will be required.”