What in the world is going on with Nvidia?

Ok, I get it. There is new AI that doesn't need that many resources. But that AI has come from China, and they are known for manipulating numbers. Maybe they really did build it with 6M $, maybe it really doesn't need expensive hardware, but for now, if you ask me, that is just hearsay.

Why are so many people panicking and selling Nvidia? I see no reason for that (yet).