Nvidia faces challenge as Chinese rival raises doubts on Wall Street star

The superstar run for Nvidia’s stock the last few years has been astonishing. So was its tumble Monday, which caused USD 595 billion in wealth to vanish. That’s about as much as PepsiCo, McDonalds, Starbucks and Target are worth, combined.

Mostly known only in gaming and crypto circles a few years ago, Nvidia burst into the zeitgeist after seeing its sales surge because customers wanted its chips to train their chatbots and other artificial intelligence products.