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The Independent UK

World

Stan Choe and Sarah Parvini

Nvidia faces a reckoning as an upstart rival raises questions about Wall Street's darling

Nvidia Jensen Huang Apple DeepSeek Google Microsoft

Nvidia-Wall Street Worries - (Copyright 2023 The Associated Press. All rights reserved)

The superstar run for Nvidia’s stock the last few years has been astonishing. So was its tumble Monday, which caused $595 billion in wealth to vanish. That’s about as much as PepsiCo, McDonalds, Starbucks and Target are worth, combined.

Mostly known only in gaming and crypto circles a few years ago, Nvidia burst into the zeitgeist after seeing its sales surge because customers wanted its chips to train their chatbots and other artificial intelligence products.

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