In recent years, the demand for AI computing power has seen a meteoric rise, with NVIDIA emerging as the primary beneficiary. However, the tides in both the industry and capital markets have begun to turn. The sentiment that "the world has endured NVIDIA's dominance for too long" is now mirrored in the company's fluctuating market capitalization. In the span of just one month starting from October 29, NVIDIA's market cap has plummeted by over $700 billion (roughly RMB 5 trillion).
