TradingKey – Nvidia wins major Texas data center deal, but shares slide instead, risking a drop to $180.
On July 28, Eastern Time, Nvidia ( NVDA) shares extended their decline, falling 0.45% in premarket trading to temporarily sit at $195.62. Yesterday, Nvidia shares plummeted nearly 5%, driving its market value down to $4.77 trillion, while Apple continued to rise to new highs, with its market value soaring to $4.95 trillion, making it the world’s most valuable listed company.
Nvidia stock chart, Source: TradingView
According to a Financial Times report today, Nvidia and Hut 8 ( HUT) have reached a massive $50 billion (15-year lease) gigawatt-scale (1 GW) AI data center lease agreement in Texas. In addition, hundreds of thousands of…
