The company posted repeated sales declines in its gaming segment throughout the year as spikes in inflation caused shoppers to pull back on console and PC component purchases. The company's meteoric stock rise in the first half of the year made it significantly overvalued compared to its earnings, with investors seemingly unwilling to buy until it can match its current valuation. Multiple impressive quarters of growth brought back some value in Nvidia's stock, but it remains more expensive than alternative ways to invest in AI and tech in general.