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The boom was short lived, though.

However, the stock crash has been uniquely harsh on NVIDIA.

NVIDIA Share Price implosion Sept 2024

The markets take a battering, but few took a battering like NVIDIA this week (viaCompaniesMarketCap).

But, some analyses pointed to dampening interest in AI-associated stocks in general.

These services are astronomically expensive to run, and so far, sport an unclear use case.

Despite the record-breaking contraction, NVIDIA’s stocks are still astronomically higher than they were just a year ago.

Global companies by market cap, September 2024

The markets take a battering, but few took a battering like NVIDIA this week (viaCompaniesMarketCap).

Or hey, maybe it truly is all hype.

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