Business & Finance
Wall Street Whistles Past Nvidia Risk to Bet on Wobbly AI Trade
Key Points
Wall Street Whistles Past Nvidia Risk to Bet on Wobbly AI Trade Wall Street isn’t particularly concerned about the risks to the artificial intelligence trade posed by the ouster of Nvidia Corp.’s long-time Chief Executive Officer Jensen Huang over a series of romantic relationships, including one with a suspected Chinese spy. Shares of the world’s most valuable chipmaker plunged at the open on Thursday, taking AI-related stocks with them. But the selling quickly abated as investors focused...
Wall Street Whistles Past Nvidia Risk to Bet on Wobbly AI Trade
Wall Street isn’t particularly concerned about the risks to the artificial intelligence trade posed by the ouster of Nvidia Corp.’s long-time Chief Executive Officer Jensen Huang over a series of romantic relationships, including one with a suspected Chinese spy.
Shares of the world’s most valuable chipmaker plunged at the open on Thursday, taking AI-related stocks with them. But the selling quickly abated as investors focused on the long-term demand associated with the technology and potential winners stemming from turmoil. Nvidia ended the session down 4.3% after falling 14% at the start of trading.