Investors are focusing on which tech giant will dominate the AI chip market, but a key question is whether the market itself is still growing. Alphabet has already surpassed Microsoft to become the third-largest company by market capitalization, and it’s closing in on Apple. Nvidia’s stock has dropped after reaching a $5 trillion valuation just last month, raising concerns about the future of the industry. Meanwhile, Alphabet’s stock has been rising due to its advancements in artificial intelligence.
Source: https://www.marketwatch.com/story/nvidias-stock-drops-on-google-fears-are-investors-missing-the-point-f38b39a4