Nvidia Stock Price Slumped 12.6% in November. What's Next For The Artificial Intelligence (AI) Behemoth?

Core Insights - Nvidia reported a strong Q3 earnings on November 19, yet its stock fell 12.6% from October 31 to November 28 due to growing concerns about an AI bubble [1][2] - The release of Google's AI model, Gemini 3, raised questions about Nvidia's dominance in the AI chip market, as Gemini 3 was trained using Google's own chips, TPUs, which are cheaper to produce and run [3][4] - Despite fears, Nvidia's Q3 earnings showed significant growth, with gross margins comparable to those of a Software as a Service (SaaS) company, indicating strong demand for its products [5][6] Market Sentiment - Investor sentiment has been cautious, with concerns about the sustainability of Nvidia's position in the AI boom and the overall impact of AI on the real economy [7][8] - Nvidia's stock has seen a slight recovery in December, rising approximately 4.3%, but skepticism remains regarding the long-term growth trajectory and valuation based on current market conditions [7][8]