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Nvidia (NVDA) has dominated the artificial intelligence (AI) narrative over the past two years, driving the tech stock to all-time highs in January 2025. However, today, the chip maker’s shares are down 11% from record levels as investors worry about the company’s slowing growth and lofty valuations.
In late January, NVDA stock shed 4% in market value in a single trading session following a Bloomberg report that stated that President Donald Trump’s administration is considering new restrictions on Nvidia’s chip sales to China.