--- title: "Artificial Intelligence Bubble Warning: NVIDIA and AMD Have Lost Hundreds of Billions in Market Value in Just a Few Days" type: "News" locale: "en" url: "https://longbridge.com/en/news/280166768.md" description: "A report shows that NVIDIA and AMD experienced significant sell-offs after their earnings reports, with a combined market value evaporating by approximately $711 billion, raising doubts in the market about artificial intelligence expectations. Despite both companies achieving strong growth in their data center businesses, with NVIDIA's revenue reaching $193.7 billion and AMD's at $16.6 billion, their stock prices still fell, indicating a potential cooling of market enthusiasm. Investors are concerned about the speed of converting artificial intelligence into profits, while some major clients are developing custom chips for their own use, which may affect supply and prices" datetime: "2026-03-23T13:00:48.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/280166768.md) - [en](https://longbridge.com/en/news/280166768.md) - [zh-HK](https://longbridge.com/zh-HK/news/280166768.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/280166768.md) | [繁體中文](https://longbridge.com/zh-HK/news/280166768.md) # Artificial Intelligence Bubble Warning: NVIDIA and AMD Have Lost Hundreds of Billions in Market Value in Just a Few Days A report shows that the significant sell-off of NVIDIA and AMD (Advanced Micro Devices) after their earnings reports led to a combined market value evaporation of approximately $711 billion, raising questions in the market about whether investor expectations for artificial intelligence have outpaced the fundamentals, bringing both companies back into focus. The two chip manufacturers remain core players in the construction of artificial intelligence infrastructure, providing graphics processors that drive data centers and machine learning workloads. NVIDIA's latest fiscal year data center business revenue reached $19.37 billion, a year-on-year increase of 68%; AMD's revenue for this business was $1.66 billion, a year-on-year increase of 32%. Nevertheless, both companies saw their stock prices decline shortly after the earnings reports were released. NVIDIA retraced its gains within days of announcing its results, and AMD also fell after releasing its earnings, indicating that despite strong growth, market enthusiasm may be cooling. This reaction may suggest that investors are once again questioning the speed at which companies can convert artificial intelligence into profits. While demand remains solid, broader applications and efficiency improvements may still take time. 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