Nvidia Falls to $192 as Weekly Losses Top 9% on AI Rotation

Nvidia shares extended their slide on June 26, falling as much as 1.5% to $192.35 and breaking below the key $200 support level. The decline began on June 23 when a hawkish Federal Reserve tone triggered a broad rotation out of AI names, sending NVDA down nearly 3% to $202.87 and Nasdaq-100 futures 2.5% lower. Selling intensified through the week as investors questioned the durability of AI spending and reacted to news that OpenAI and Broadcom had developed a custom chip, pushing the stock toward its worst weekly performance since April 2025.