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Nvidia’s stock fell 13% from its peak after briefly becoming the world’s most valuable company.
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Other AI-related tech companies also saw a decline in their stock prices.
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Nvidia’s demand for AI graphics processing units (GPUs) remains high, and new chip releases are expected later this year.
Nvidia’s stock has been on a wild ride, falling 13% from its peak after briefly surpassing Apple and Microsoft to become the world’s most valuable company. This decline has also affected other tech companies associated with the AI boom, such as Super Micro Computer, Dell, Arm, Qualcomm, and Broadcom.
Despite this slump, Nvidia’s value has still nearly tripled over the past year. The company’s demand for AI graphics processing units (GPUs) remains high, and investors are eagerly awaiting the release of its next-generation AI chips, named Blackwell, later this year.
The recent dip in Nvidia’s stock may be due to investors locking in gains after a strong performance. However, analysts believe that the release of Blackwell could spur another growth cycle for the company and its partners.
