Nvidia shares tumbled on Tuesday on widening fears that Google is gaining ground in artificial intelligence, erasing nearly $200 billion in market value from the AI chipmaker. Nvidia shares tumbled on Tuesday on widening fears that Google is gaining ground in artificial intelligence, erasing nearly $200 billion (€173 billion) in market value from the artificial intelligence (AI) chipmaker. The sell-off saw Nvidia’s shares fall 4.4 per cent, after rebounding from steeper earlier losses. Alphabet shares rose 0.5 per cent on Tuesday, pushing it close to a $4tn market capitalisation for the first time. Nvidia has now lost more than $800bn in market value since it peaked just above $5tn less than a month ago.
