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Nvidia has been a bellwether in the artificial intelligence (AI) space thanks to its graphics processing units (GPUs) that have played a crucial role in the training and deployment of AI models. But the stock has fallen out of favor of late as investors are worried about its slowing growth.

That massive gain was largely driven by the rapid expansion of the artificial intelligence (AI) market, which drove many companies to ramp up their purchases of the company's data center graphics processing units (GPUs) to process complex machine learning and AI applications.

There's no question that artificial intelligence (AI) stocks have led the charge in the current bull market, but in recent months, that leadership seems to be fading. Some investors even see a potential AI bubble emerging as valuations have arguably gotten ahead of business growth.

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