tech
Nvidia's Stock Struggles as Kalshi Traders Bet Chip Prices Are Coming Down
Shares of Nvidia have been faltering recently — and Kalshi traders predict that what the company can charge for chips is also declining.
TL;DR
- Nvidia's stock has declined in the past month, while the VanEck Semiconductor ETF has seen substantial gains.
- The price of compute power for Nvidia's B200 chip has dropped from $6.11 per hour in late May to $4.22 as of June 21.
- Kalshi traders are pessimistic about Nvidia's B200 compute price surpassing its May high in the second quarter.
- Google has agreed to pay SpaceX $920 million monthly to rent AI computing capacity, utilizing approximately 110,000 Nvidia GPUs.
- RBC Capital Markets remains bullish on Nvidia's prospects for the second half of 2026 and 2027, citing the GPU rental agreements.