By Brent D. Griffiths
Publication Date: 2025-11-27 09:30:00
Nvidia’s sterling armor was dented this month.
After years of meteoric success, the chipmaker and its CEO Jensen Huang have increasingly found themselves playing defense — an unusual position for the company.
Nvidia headed into the month with its stock price at an all-time high, bolstered by increasing AI spending from some of its major Big Tech customers like Meta, Microsoft, and Google.
Huang was hot off of Nvidia’s GTC conference in Washington, where he dismissed any concerns of an AI bubble and sounded jubilant.
But over the course of the month, which saw Nvidia shed 11% of its value, the chipmaker has gone from smashing earnings and alleviating Wall Street’s AI bubble fears to becoming the poster boy of what some analysts view as a company on an unsustainable path.
Nvidia has also had to fend off short-sellers and the growing threat of Google, picking up some bruises along the way.
Big names, including SoftBank and Peter Thiel, cashed out on the Wall Street darling that had became the world’s first $4 trillion market cap company mere months ago. SoftBank announced it fully exited its Nvidia position, selling $5.8 billion in shares to bet on OpenAI. And while its CFO stressed it had “nothing to do with Nvidia itself,” the move didn’t exactly dispel the ongoing AI bubble talk.
Nvidia defiantly pushed back on any investor skittishness when it released its third-quarter earnings on November 19, surpassing analysts’ already lofty expectations —…
