In November, Alphabet (GOOG) led the resurgence in bullish sentiment for the artificial intelligence sector. This took the pressure away from Nvidia (NVDA), whose stock lost 2% in the month.
Alphabet reasserted its dominance in AI products and monetization. Gemini 3 Pro erased any fears that China’s Alibaba (BABA) or Tencent (TCEHY) led AI. By the end of the week, however, Alibaba’s potential had leapt ahead.
Alibaba said last week that Quark AI glasses are available in China. It released three variants of the hardware. This increases the commercialization potential of the firm’s AI with headsets.
In the AI hardware space, Nvidia’s steady drop from the $212.19 high set in late October is troubling. The GPU supplier could not avoid post-earnings profit-taking pressure. Markets priced the stock, which gained 31.80% in 2025 and 22,650% in the last 10 years, to perfection. Momentum traders will need to watch the stock closely in December. Sentiment might reverse, finding technical support below $160. Conversely, bullish traders might bid the stock back to the $200 resistance level.
Risks
China’s biggest tech firms are pushing heavily to outflank Western AI solutions. They are moving their AI training overseas to avoid chip restrictions. If they get ahead of Google or ChatGPT, they could offer AI solutions at lower costs. That would add cost pressures for American firms.
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