Nvidia's market value evaporates by 1.27 trillion yuan

On the 30th local time, concerns over the return on investment in artificial intelligence infrastructure continued to intensify, putting general pressure on U.S. chip stocks. Intel's share price fell by more than 30% at one point during the session, mainly due to latest performance guidance missing expectations. The company stated that, due to factors such as weak demand in the personal computer market, capacity limitations in manufacturing, and increased expenditure needed to expand production, it is expected to be difficult to achieve positive free cash flow next year. Intel also noted that increased demand from artificial intelligence data centers for storage chips has pushed up personal computer prices, and it expects personal computer shipments to decline by approximately 12% this year, with a further 10% drop expected by 2027. Additionally, an accident at its Israeli factory is expected to reduce fourth-quarter revenue by about $300 million. On the same day, Nvidia's share price fell by more than 3.7% during the session, evaporating more than $191 billion in market value (equivalent to about 1.27 trillion RMB), and its total market value dropped below $5 trillion. (CCTV Finance)