A month ago, Nvidia could do no wrong. However, the past week was something that even ChatGPT, the oracle of our times, would not have seen coming. Nvidia has lost 30% of its market capitalisation. Intel, which is not doing so great on AI (artificial intelligence), has also seen about a 30% decline in its market value. Investors are calling the bluff on AI and its promise in the current avatar.
A month ago, Nvidia could do no wrong. However, the past week was something that even ChatGPT, the oracle of our times, would not have seen coming. Nvidia has lost 30% of its market capitalisation. Intel, which is not doing so great on AI (artificial intelligence), has also seen about a 30% decline in its market value. Investors are calling the bluff on AI and its promise in the current avatar.