Nvidia Stock Slides on Alphabet Competition Fears: Is This a Buy-the-Dip Moment?

Nvidia's latest sell-off highlights how heavily its lofty valuation depends on a few hyperscale customers.Shares of Nvidia (NVDA +1.37%), the leading supplier of artificial intelligence (AI) accelerators for data centers, were knocked down hard this week when reports circulated that social media company Meta Platforms (META 0.41%) may be considering a chip deal with Google parent Alphabet (NASDAQ: GOOGL) (GOOG 0.96%) to help power some of its data centers beginning in 2027. This news may have caught Nvidia ...