Nvidia stock’s correction has accelerated since Microsoft’s CEO hinted the frenzied demand for AI chips may be waning
Nvidia CEO Jensen Huang said companies will need more computational power to improve artificial intelligence.Mads Claus Rasmussen/Ritzau Scanpix/AFP via Getty Images Nvidia stock is approaching bear market territory after falling 17% from its record high in November. The selling has intensified since recent comments from Microsoft’s CEO suggested the chip craze is waning. Wedbush analyst…