Nvidia shares dropped nearly 5 per cent on Monday after reports that artificial intelligence financing arrangements involving the chipmaker could exceed $750 billion, raising questions over the financial links emerging around the AI infrastructure boom.
The reported figures relate to separate initiatives connected to Nvidia Corp, the leading supplier of graphics processing units used in artificial intelligence systems. Nvidia has announced a partnership with SK Group, the South Korean conglomerate that owns memory chipmaker SK hynix, valued at more than $500 billion.
