[FLASH] Nvidia falls about 5% as circular-financing concern returns; Apple retakes most-valuable-company spot
Nvidia led chip stocks lower on Monday on renewed concern over its role financing its own demand, alongside Microsoft's in-house Maia 300 effort. The underlying item — talks to backstop up to $250bn of debt for a 10GW OpenAI campus in Pike County, Ohio — is dated 2026-07-27, so Monday's move is re-circulation of a two-week-old report rather than a new disclosure. AMD fell more than 5% and SK Hynix about 7%; Apple passed Nvidia as the most valuable public company on the move.