Tech Stocks Decline Amid AI Uncertainty: Nvidia, Tesla, NIO

Technology stocks declined amid concerns about the sustainability of the AI boom. Nvidia shares fell by over 2% and are down more than 5% from August peaks. J.D. Joyce, president of Joyce Wealth Management, cited high valuations and uncertainty as factors contributing to the decline. Anthropic, a generative AI firm, raised $13 billion in a Series F round, valuing the company at $183 billion. Tesla's focus on robots, led by the Optimus humanoid robot, is expected to drive the company's value.

Technology stocks experienced a decline on September 2, 2025, amid growing concerns about the sustainability of the AI boom. Nvidia (Nasdaq: NVDA) shares fell by over 3.32%, marking a significant drop from their August peaks. The company's data center revenue growth, driven by AI GPUs like H100/H200 and Blackwell, has slowed despite robust overall growth since 2023. UAE-based G42 is seeking to diversify its chip supply beyond NVIDIA, negotiating with Amazon AWS, Google, and Meta [1].

J.D. Joyce, president of Joyce Wealth Management, cited high valuations and uncertainty as factors contributing to the decline. "The market is reassessing the sustainability of the AI boom," he said. "Investors are looking for clearer signs of profitability and long-term growth."

Anthropic, a generative AI firm, raised $13 billion in a Series F round, valuing the company at $183 billion. The funds will be used to grow enterprise adoption, deepen safety research, and support international expansion. Iconiq co-led the round with Fidelity Management & Research Company and Lightspeed Venture Partners [3].

Tesla (Nasdaq: TSLA) dropped solidly by -3.50%, with the trading volume of 27.32B. The company's focus on robots, led by the Optimus humanoid robot, is expected to drive its value. Leapmotor and Xpeng achieved record monthly deliveries in August, with Leapmotor exceeding 50,000 units and Xpeng reaching a new peak. Xiaomi Auto delivered over 30,000 cars, with multiple emerging brands also showing significant year-on-year growth [1].

Alibaba Group Holding Limited (NYSE: BABA) surged by 12.90%, with the trading volume of 10.94B. Alibaba is developing its own AI chips to counter NVIDIA's market restrictions in China and has signed a strategic partnership agreement with China Telecom. Additionally, its AI model Tongyi is widely used among Chinese enterprises, and Alibaba faces substantial fines in South Korea for false advertising by AliExpress [1].

Microsoft (Nasdaq: MSFT) dipped mildly by -0.58%, with the trading volume of 10.63B. The company has acknowledged a TLS 1.3 bug in Windows 11 impacting IIS Express certificate handling, is testing native clipboard sync from PCs to Androids, and released a limited edition 50th-anniversary Surface Laptop. Additionally, their Mixed Reality Link now supports Snapdragon X processor PCs for Meta Quest connectivity [1].

Apple (Nasdaq: AAPL) dipped mildly by -0.18%, with the trading volume of 9.16B. Apple's first foldable iPhone will feature side fingerprint recognition, while AirPods Pro 3 will include temperature monitoring but delay real-time translation. Additionally, Apple urges supply chain automation, opens FastVLM for testing, and plans updates for iPhone 12 radiation concerns [1].

Alphabet (Nasdaq: GOOGL) gained mildly by 0.60%, with the trading volume of 8.44B. Google's Gemini 2.5 Deep Think model is now live for Google AI Ultra subscribers. Google denies ransomware attack and Gmail security alert rumors. Google is investigating Pixel 10 screen issues. UAE's AI company G42 is in talks with Amazon, Google, Meta, and Microsoft for chip supply diversification, with Google leading the negotiations [1].

Palantir Technologies (NYSE: PLTR) dipped mildly by -0.89%, with the trading volume of 7.27B. Palantir Technologies saw substantial net buying interest from South Korean retail investors last week [1].

Meta Platforms (Nasdaq: META) dipped mildly by -1.65%, with the trading volume of 6.70B. Meta's collaboration with Scale AI faces challenges after a $14.3 billion investment, with leadership issues and cooperation hurdles arising. Upcoming Meta Connect event may announce a smart glasses SDK. Meta opts for LCoS technology while others use Micro LED in AI glasses development [1].

Broadcom (Nasdaq: AVGO) dropped solidly by -3.65%, with the trading volume of 6.42B. The company is set to release its third-quarter earnings on September 4, with anticipated revenue growth of 21% year-on-year to $15.82 billion and earnings per share of $1.66. The company's AI business remains a key focus for growth [2].

Marvell Technology (Nasdaq: MRVL) plunged by -18.60%, with the trading volume of 6.19B. Please provide the content source, and I'll summarize the company-related news for you [1].

References:
[1] https://www.ainvest.com/news/alibaba-surges-high-volumes-ai-chips-reveal-market-power-shakeup-2509/
[2] https://economictimes.indiatimes.com/markets/ipos/fpos/tata-capital-sets-stage-for-usd-2-bn-ipo-after-global-roadshows-valuation-seen-at-18-billion/articleshow/123657209.cms
[3] https://finance.yahoo.com/news/anthropic-raises-13b-series-f-163416080.html