Nvidia Slides Over 3.5% as Hotter US CPI Fuels Rate-Hike Fears

Nvidia shares dropped more than 3.5% toward an intraday low of $220.21 on Wednesday, joining a broad semiconductor and AI infrastructure sell-off. The downturn followed hotter-than-expected September U.S. Consumer Price Index data, which showed headline inflation climbing 3.7% year-over-year and 0.6% month-over-month. The print lifted the 10-year Treasury yield by over seven basis points and heightened expectations of a Federal Reserve rate hike. High-valuation tech faced heavy pressure alongside company-specific headwinds, including declining China market share and Microsoft's newly announced custom Maia 300 AI processor.