Nvidia Stock Falls 5%: How Credit Risk Sharing Is Impacting the AI Trade

Nvidia Corp (NASDAQ:NVDA) shares are tumbling on Monday as the stock digests a potential shift toward financing AI buildouts.

• Nvidia stock is showing notable weakness. Why is NVDA stock falling?

Nvidia’s Financing Talks with OpenAI

Nvidia is in talks to guarantee financing for OpenAI’s Ohio campus, a project expected to exceed $500 billion in total cost, with a first phase targeting about 800 megawatts of computing capacity in 2028. Separately, Nvidia is discussing financing as much as $350 billion of OpenAI’s future chip purchases, signaling a push to help unlock demand by sharing credit risk rather than only selling hardware, according to a Wall Street Journal report.

Nvidia is also navigating fresh China-related headline risk after the White House accused Moonshot AI of accessing export-restricted Nvidia chips to build Kimi K3 and alleged Anthropic traced 3.4 million exchanges routed through hundreds of fake accounts. The policy drumbeat matters for NVDA because any tightening "within weeks" would directly pressure one of the market’s most sensitive variables: the durability of overseas AI accelerator demand.

Nvidia’s Critical Moving Averages and Trends

With the sharp drawdown in Nvidia stock on Monday, key levels are coming into play. From a trend perspective, Nvidia is leaning heavy: it’s trading below the 20-day SMA ($203.65) and 50-day SMA ($208.64), and that 20-day SMA is also below the 50-day SMA, a bearish near-term alignment. At the same time, the stock is still above the 200-day SMA ($192.98), keeping the longer-term uptrend intact even as the intermediate trend cools. If the stock reaches the 200-day level, it will be a real test for bearish versus bullish momentum.

Momentum is improving on the MACD: it’s above its signal line and the histogram is positive, which typically means downside pressure is easing versus the prior downswing. In plain terms, MACD above the signal line often shows sellers are losing control even if price hasn’t reclaimed key moving averages yet.

Key levels are tight and actionable with price sitting near a decision zone:

• Key Resistance: $214.00 — a nearby round-number area where rebounds can stall, sitting above the 50-day moving average zone.
• Key Support: $193.00 — the 200-day moving average that could act as critical support for the stock.

Nvidia’s Benzinga Edge Rankings: Strengths and Weaknesses

Below is the Benzinga Edge scorecard for Nvidia, highlighting its strengths and weaknesses compared to the broader market:

• Momentum: Neutral (Score: 64.01) — The stock’s trend is mixed, with longer-term support holding but near-term pressure still evident.
• Quality: Strong (Score: 98.03) — The business scores well on quality factors, supporting the longer-term bull case during pullbacks.
• Value: Neutral (Score: 7.15) — The stock screens as expensive versus typical value metrics, leaving less room for error if growth expectations cool.
• Growth: Strong (Score: 98.59) — Growth factors remain a key pillar, which is why the market stays sensitive to demand signals and big-ticket AI buildouts.

The Verdict: Nvidia’s Benzinga Edge signal reveals a growth-and-quality-led profile with only moderate momentum and a stretched value setup. For longer-term bulls, that mix can work if the stock holds the $198.00 support zone and reclaims the $214.00 area, but it also means pullbacks can be sharp when positioning or expectations reset.

Nvidia Stock Price Movement on Monday

NVDA Stock Price Activity: Nvidia shares were down 5.02% at $196.46 at the time of publication on Monday, according to Benzinga Pro data.

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