Shares of high-performance chip specialist Nvidia (NASDAQ: NVDA) are currently down by around 30% from the all-time high of $346.47 they hit in November. A stronger-than-expected January jobs report and surging inflation can be expected to strengthen the Fed's resolve to go ahead with tightening monetary policy -- and that's not a positive sign for capital-hungry growth companies. This terrific growth has been mainly driven by increasing demand for the company's graphics cards and artificial intelligence (AI) processors in gaming and data center segments.