NVIDIA's Chief Financial Officer recently dismissed claims that "rivals are closing in on the company," reaffirming that NVIDIA's dominance in the artificial intelligence sector is unchallenged and that the AI economy is far from a speculative bubble. Earlier this year, in October, NVIDIA's market capitalization briefly soared past $5 trillion. However, over the past month, its stock price has seen a decline exceeding 11%, largely fueled by investor anxieties over escalating competition. The CFO emphasized that NVIDIA has "absolutely not" relinquished its leading edge.

At present, the global economy is in the nascent stages of transitioning towards AI-driven data center infrastructure. NVIDIA projects that global investment in AI will surge to between $3 trillion and $4 trillion by the end of this decade. Earlier, reports of Meta and Google engaging in discussions about utilizing TPU chips had exerted downward pressure on NVIDIA's stock price. In response, NVIDIA highlighted that its GPU technology is a full generation ahead of the competition. Moreover, NVIDIA's proposed $10 billion investment in OpenAI remains under deliberation, with both entities maintaining an ongoing collaborative relationship.