The recent Nvidia (NVDA) share price sell-off has turned into a serious jolt for artificial intelligence (AI) stocks more broadly. After experiencing a gravity-defying rally for nearly two years, Nvidia’s record-breaking downturn has made some investors question whether the hypergrowth phase is over for the market’s favorite AI stocks. However, the fundamental data suggests that demand is firmly intact. The Semiconductor Industry Association (SIA) recently reported that sales for July were 18.7% higher year over year at $51.3 billion, with global sales expected to touch $588 billion in 2024. N…