"Undoubtedly, it may be a bit too early in the game to think that the AI sell-off is over or that it will be contained to November, especially after Nvidia ( NASDAQ:NVDA) retreated after exceptional results while markets seemingly overlooked the tremendously bullish comments from its CEO and founder, Jensen Huang, who said a lot of upbeat things about AI and where it's headed next."
"Perhaps the most discounted thing Mr. Huang said was that "AI is going everywhere, doing everything, all at once." Undoubtedly, Jensen wants to sell more AI chips, but what's more, he also sees strength across the board. And the numbers from his company's latest third quarter seem to confirm it. Either way, if AI is going everywhere (beyond tech) to other industries, it might be too soon to write Nvidia or the AI trade-off as a bubble that's in the process of bursting."
Tech markets reversed November losses as AI stocks led a sharp rebound, driven in part by Nvidia's strong third-quarter numbers and bullish commentary from its CEO. Jensen Huang stated that "AI is going everywhere, doing everything, all at once," implying broad adoption across industries beyond core technology sectors. November volatility may have offered buying opportunities for investors who believe in continued AI-driven growth into 2026. Concerns about job displacement persist, but human oversight could limit full automation. Near-term market direction remains uncertain, and the sustainability of the AI-driven rally is still unresolved.
Read at 24/7 Wall St.
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