Nvidia shares fall as GPU spot‑price drops signal broader semiconductor slowdown

Wall Street showed mixed signals early in the week, with the Dow Jones index rising while the Nasdaq lagged under pressure from the semiconductor sector. Major chip makers such as Micron, SK hynix and Sandisk posted gains, but Nvidia lagged behind, delivering only about a 5% rise year‑to‑date compared with double‑digit gains in the broader semiconductor ETF.

At the same time, the spot market for GPU compute capacity saw a sharp decline. The hourly price for Nvidia's Blackwell 200 chip fell from $6.11 on 30 May to $4.22 by 21 June, a drop of roughly 31%. Analysts attribute the price fall to heightened cost concerns among enterprise users and uncertainty over future demand, with many customers unsure how much GPU power they will need in the coming year.