Nvidia, the undisputed leader in graphics processing units (GPUs), has hit a rough patch. After a stellar run that saw its stock price reach record highs, the company has entered correction territory, with its share price dropping over 10% from its peak. This sudden decline has sent shockwaves through the tech industry, prompting questions about the company’s future and the broader health of the chip market.
A Look Back: Nvidia’s Meteoric Rise
The past few years have been a golden age for Nvidia. Fueled by the surging demand for high-performance computing across various sectors, the company enjoyed phenomenal growth.
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