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It’s surprising that Nvidia (NVDA) stock, once soaring to new heights, is now facing pressure. Despite surging demand for its GPUs, which are powering the artificial intelligence (AI) revolution — especially in the booming data center market — the stock has taken a hit.
Notably, NVDA delivered staggering gains of over 405% over the past two years. But recently, it has stumbled, slipping more than 24% from its 52-week high.