Nvidia Holds Up Amid Semiconductor Selloff

Nvidia shares slipped 0.8% to $214.75 on Thursday, a much smaller decline than many of its semiconductor peers as the sector reacted to Broadcom’s earnings. Broadcom shares fell about 15% after its results, and Advanced Micro Devices declined roughly 5.6% during the same session.

Investors focused on issues flagged in Broadcom’s report, including potential competition within Google’s custom-chip supply chain and pressure on margins. Those specific concerns do not apply directly to Nvidia’s core graphics processing unit ecosystem, which is widely used for AI model training and inference.

Nvidia has closed lower in seven of the past nine trading days. Year to date the stock is up about 15%, compared with roughly a 96% gain in the PHLX Semiconductor Index through Wednesday’s close.

Nvidia and Hyundai Motor Group are reported to be in late-stage discussions about establishing an AI research and development hub in South Korea. Nvidia Chief Executive Jensen Huang is expected to visit Seoul and meet Hyundai Motor Group Executive Chair Euisun Chung on Friday. The proposed site under consideration is Saemangeum, an industrial development zone on South Korea’s southwest coast.

The talks would build on a partnership announced in October 2025 between Nvidia, Hyundai and the South Korean government to develop the country’s physical AI capabilities. Under that earlier plan, Hyundai said it would deploy 50,000 Nvidia Blackwell GPUs to support AI model training, validation and deployment across autonomous driving, robotics, smart factories and in-vehicle systems. Nvidia also planned an AI Application Center and an AI Technology Center in South Korea.

Wall Street analysts maintained generally positive views on Nvidia despite recent share weakness. Morgan Stanley reiterated an Overweight rating and left its price target at $288, identifying Nvidia as its top pick in the processor sector. The firm noted company comments indicating visibility into about $20 billion of potential CPU-related revenue and highlighted efforts to reduce the cost of large AI infrastructure installations, including head-node systems that account for a significant portion of total ownership costs.

Trading on Thursday showed Nvidia holding up relative to peers while the broader semiconductor sector took a hit after Broadcom’s report. Market participants reacted to company-specific issues at Broadcom, and Nvidia’s AI GPU business and reported Korea discussions were cited as factors in Nvidia’s more muted decline.