Nvidia Stock Dips, Market Value Falls Below $3 Trillion

Nvidia's stock fell below the $3 trillion valuation mark in early trading Thursday, after briefly surpassing it the previous day. Despite a significant rally driven by AI enthusiasm and strong financial performance, Nvidia faces growing competition from AMD, Intel, and its own customers like Amazon, Google, and Microsoft. The company announced a 10-for-1 stock split and increased its dividend, while also planning to release new high-powered AI chips in the coming years.