TLDRNVDA stock retreated toward $225 after reaching a record $243.37 on October 6.Microsoft’s Maia 300 targets 40% greater processing efficiency than leading GPU systems.OpenAI’s reported $50 billion annualized revenue figure renewed scrutiny of AI spending expectations.Nvidia reportedly considers expanding its investment in Reflection AI through a potential acquisition.SpaceX seeks $40 billion in financing for Nvidia chips as AI infrastructure costs rise.Nvidia (NVDA) shares fell toward $225 on October 12, after hitting a $243.37 record on October 6. NVDA stock weakened alongside chipmakers as investors assessed the cost of expanding artificial intelligence infrastructure.NVIDIA Corporation, NVDAThe retreat followed Microsoft’s new processor announcement, questions about OpenAI revenue figures and reports of heavy borrowing for AI hardware amid rising data center costs. Nvidia remains a leading data center chip supplier, although major customers are developing alternatives.Microsoft Unveils Maia 300 to Cut CostsMicrosoft expects its Maia 300 chip to produce 40% more tokens per megawatt than leading GPU systems. A 96-accelerator rack could deliver up to seven times Maia 200’s token output, Microsoft said.Microsoft plans production deployments in 2027 across its Azure cloud services. Its processors could reduce dependence on outside suppliers, although Nvidia GPUs remain widely used for AI training and other computing tasks.OpenAI Revenue Figures Draw Investor AttentionOpenAI’s annualized revenue reached roughly $50 billion in September, Reuters reported, below earlier estimates near $68 billion. Reuters attributed the difference partly to how cloud partner sales enter the calculations. Annualized revenue projects a current rate over twelve months.The revenue debate added to concerns about AI stock market concentration. An analysis found 42 AI companies generated 67% of S&P 500 price gains since January 2024. Investors are watching whether infrastructure spending translates into revenue.Nvidia Considers Reflection AI DealNvidia is considering acquiring Reflection AI or raising its investment, the Financial Times reported. Nvidia has invested about $800 million in the company, which develops open-weight AI models. Talks remain preliminary, with no formal deal announced.An acquisition would broaden Nvidia’s business beyond processors into AI software. The company would also assume another investment commitment. Semiconductor stocks have fallen together as traders assess customer spending plans and financing.Debt Plans Put NVDA Stock Back in FocusSpaceX is reportedly seeking $40 billion in financing for Nvidia chips through loans and bonds, Reuters reported. The plan shows how AI customers increasingly rely on borrowing to finance expensive chips and data centers. No financing agreement has been announced.NVDA stock traded near $226 on Monday after touching below $225 during another losing session. Its October peak remains a reference point for traders, who are monitoring AI orders, spending, and how quickly customers deploy competing processors.The post Nvidia (NVDA) Stock Reverses: Can AI Demand Save the Rally? appeared first on Blockonomi.