Nvidia stock price slumped 12.6% in November. What’s next for the artificial intelligence (AI) behemoth?
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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.
Key Points
- Nvidia stock dropped 12.6% in November as investors weighed growing concerns of an AI bubble.
- Google’s new frontier model was trained on its own chips, challenging the idea that companies need to shell out for Nvidia’s pricey GPUs.
November was a tough month for Nvidia (NASDAQ: NVDA) investors. Despite reporting another blowout quarter on November 19th, the artificial intelligence (AI) juggernaut’s stock fell 12.6% from the closing bell on Oct. 31 through the end of trading on Nov. 28.
November was marked by growing fear of an AI bubble with Nvidia at its very heart. While…
