The words from Microsoft CEO Satya Nadella that became ‘bombshell’ for Nvidia’s stock, the AI industry’s biggest growth story of 2024

Nvidia recently fell from second-most valuable company to third. As recently as November, it was the No. 1. Now the No. 1 and No. 2 spot belong to Apple and Microsoft, respectively. While Nvidia stock climbed 2.5% in pre-market trading today, it is still not to its super high levels. While analysts see Nvidia shares in correction mode, there are arrange of factors responsible for this.