Nvidia stock is tanking around 4% today: what's hurting the AI darling?

Core Insights - Nvidia stock experienced a significant decline of 3.9% as investors reacted to new competitive threats in the artificial intelligence chip market and overall weakness in US equities [1] Company Summary - Nvidia's stock performance is being impacted by increased competition in the AI chip sector, which raises concerns about its market position and future profitability [1] - The broader market conditions in US equities are contributing to the downward pressure on Nvidia's stock [1]