Shares of Nvidia Corp. (NASDAQ:NVDA) have tumbled 10% so far in November, headed for their worst monthly performance since March despite record-breaking earnings and strong forward guidance, as investors reprice high-flying AI stocks.
Nvidia stunned Wall Street earlier this week with $57 billion in third-quarter revenue, crushing the $54.9 billion expected and marking a 70% increase from last year, driven by soaring demand for artificial intelligence chips.
