Nvidia Shares Fall 3.2% Amid Inflation and Rate Concerns

Nvidia shares dropped 3.16% to $221.30 Wednesday, Oct. 14, as September inflation exceeded expectations and U.S. stocks fell broadly, with investors weighing whether higher interest rates could raise financing costs for AI data center expansion. The shares closed $7.22 below the previous session’s $228.52 finish. The Consumer Price Index release came at 8:30 a.m. ET (12:30 UTC), hours before the U.S. market closed at 4 p.m. ET (20:00 UTC). The Consumer Price Index for All Urban Consumers rose 0.6% in September from August, seasonally adjusted, accelerating from a 0.4% monthly increase in August. Prices were up 3.7% over 12 months, compared with economists’ 3.6% expectation. The annual rate had been 3.4% through August. Energy costs drove much of the monthly increase.

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