Nvidia(US:NVDA) Sou Hu Cai Jing·2025-11-26 05:57Core Insights - Nvidia's stock experienced a significant decline, losing approximately $115 billion in market value due to concerns over Google's advancements in artificial intelligence [1] - Google's release of its latest large language model, Gemini 3, is perceived as a potential threat to Nvidia's dominance in the AI chip market, as it utilizes Google's proprietary Tensor Processing Units (TPUs) instead of Nvidia's chips [1][2] Group 1: Stock Market Impact - Nvidia's stock fell by 2.6%, with an intraday drop exceeding 7%, affecting several related companies [1] - Key partners of Nvidia, such as Supermicro and Oracle, also saw declines in their stock prices, with drops of 2.5% and 1.6% respectively [1] - Other companies in the AI cloud computing space, including CoreWeave and Nebius, experienced stock declines of 3.1% and 3.3% respectively [1] Group 2: Competitive Landscape - Analysts suggest that the impact of Gemini 3 could be comparable to the disruption caused by the rise of DeepSeek, a Chinese AI startup, which previously led to significant sell-offs in US tech stocks [2] - The release of Gemini 3 is viewed as a pivotal moment that "resets" the AI competitive landscape, ushering in a "new DeepSeek phase" [2] - Google is actively promoting the use of TPUs in its data centers to potential clients, including Meta, as an alternative to Nvidia's chips [2]