NVIDIA has been having a lot of problems with their 13th/14th gen CPU’s degrading. They are also embroiled in an anti-trust investigation. That coupled with the “growing pains of generative AI” has caused them a lot of problems where 2 months ago they were one of the world’s most valuable companies.
Some of it is likely the die-off of the AI hype but their problems are farther reaching than the sudden AI boom.