Once a guaranteed ticket to stock market buzz, Nvidia’s magic touch seems to be losing some of its shine. Samsung Electronics shot up over 3% last Wednesday after Nvidia’s founder Jensen Huang praised its memory-chip prowess, and MediaTek flirted with record highs on news of their CES collaboration. Yet, both stocks have since retreated by 6%, and even Nvidia’s shares are down 12% following Huang’s keynote at CES. The tech sector is navigating a maze of geopolitical tension, restrictive US export policies on AI chips, and shifting investor priorities. Some believe Nvidia’s golden era of dominance might face stiffer competition this year. Still, it’s not time to count Nvidia out. The stock hit an all-time high just before its recent dip. SKC’s shares are up over 50% this year, leading emerging market indices, largely due to speculation surrounding its ties to Huang. But the AI trade is evolving. Companies like Broadcom and Marvell Technology are emerging as new champions, outpacing Nvidia’s gains recently with their own advancements.