Nvidia shares fell sharply on Tuesday on fears that Google is gaining ground in artificial intelligence, erasing $115bn in market value from the AI chipmaker.
Nvidia’s shares closed 2.6 per cent lower after having shed more than 7 per cent in early trading. The declines rippled through companies linked to the chipmaker.
Server maker Super Micro Computer, which is a key partner to Nvidia, fell 2.5 per cent, while software group Oracle, which has committed to spending billions of dollars on the chipmaker’s high-performance systems, lost 1.6 per cent.
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