Why Nvidia’s stock fall reminds us of Amazon during the dotcom mania

Visualisation by Sadhana Saxena via AI

Synopsis

After last year’s hype, executives are impatient to see returns on GenAI investments, yet organisations are struggling to prove and realise its value. As the scope of initiatives widens, the financial burden of developing and deploying GenAI models is increasingly felt.

A month ago, Nvidia could do no wrong. Jensen Huang and his leather jacket could have repelled even a supersonic missile. That was a week ago. However, the past week was something that even ChatGPT, the oracle of our times, would not have seen coming. Nvidia has lost 30% of its market capitalisation. Intel, which is not doing so great on AI (artificial intelligence), has also seen about a 30% decline in its market value. Investors are calling

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