By Tim Bradshaw,George Steer
Publication Date: 2025-11-25 15:22:00
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Nvidia shares tumbled on Tuesday on widening fears that Google is gaining ground in artificial intelligence, erasing more than $200bn in market value from the AI chipmaker.
The sell-off saw Nvidia’s shares fall 4.7 per cent, and rippled through the broader market, with the tech-heavy Nasdaq Composite down 0.2 per cent by late morning.
Server maker Super Micro Computer, which is a key partner to Nvidia, fell 3.1 per cent, while software group Oracle, which has committed to spending billions of dollars on the chipmaker’s high-performance systems, lost 2.3 per cent.
Shares in data centre operator CoreWeave, in which Nvidia owns a 6 per cent stake, fell 3.3 per cent, alongside its AI cloud rival Nebius, which was down 4 per cent.
Investors blamed the declines on excitement surrounding Alphabet’s own AI-specialised chips, known as tensor processing units….