On February 23, Bloomberg reported that Nvidia, once a key driver pushing the stock market to new highs, is now facing concerns on Wall Street as skepticism about AI grows, with worries that its stock price may come under pressure regardless of its earnings results. Nvidia's stock price has been consolidating sideways for months, gaining only 1.7% since the beginning of the fourth quarter last year, and ranking in the lower half of S&P 500 performance this year. Investors are concerned about the sustainability of AI industry investments and Nvidia's grip on the market, as it faces fierce competition from traditional rivals like AMD and self-developed chips by major clients such as Alphabet and Amazon.
