Nvidia CEO says AI market selloff will pass

Nvidia CEO Jensen Huang dismissed the recent AI stock-market selloff, asserting the technology's benefits will outweigh investor concerns, saying, "All of this is going to pass" during a Berlin interview. The remarks follow a turbulent week where the Philadelphia Stock Exchange Semiconductor Index fell for eight straight days, its longest losing streak since 2008, while Nvidia shares dropped in seven of the past eight sessions amid worries about AI spending sustainability. Huang argued that returns from hardware investments will ease market jitters, urging focus on fundamentals. The selloff also hit CoreWeave, an Nvidia-backed cloud provider, whose bonds signaled distress and stock lost a quarter of its value this week.