Nvidia (NVDA) Shares Drop 3% Amid Chip Price Decline Predictions

AI Summary

Nvidia (NVDA) shares have experienced a 3% decline over the past month despite being up 12% in 2026. Kalshi traders predict a decrease in chip prices, contributing to market concerns. The price of the B200 chip's compute per hour decreased from $6.11 on May 30 to $4.22 by June 21. In contrast, the VanEck Semiconductor ETF (SMH) is up 84% this year, highlighting a differing performance in the semiconductor sector. RBC Capital Markets remains bullish on Nvidia's future, despite current struggles, citing a significant rental agreement with Google for 110,000 Nvidia GPUs.