Nvidia’s stock price has dropped significantly, erasing six months of gains, due to the ongoing decline in its artificial-intelligence trade. The company, which is heavily reliant on AI technology, saw its shares fall on Monday. Investors are worried about the future prospects of Nvidia and other AI stocks as the market for AI-related products continues to experience a downturn.
The AI-driven trade has been particularly concerning for Nvidia, with many investors questioning the sustainability of the company’s business model. The decline in demand for AI-related products is affecting not only Nvidia but also the broader technology sector.
Source: https://www.marketwatch.com/story/nvidias-stock-sinks-wiping-out-six-months-of-gains-as-the-ai-trade-unravels-cb206437