'All of this is going to pass': Nvidia CEO Jensen Huang on AI market turmoil - The Straits Times

‘All of this is going to pass’: Nvidia CEO Jensen Huang on AI market turmoil Sign up now: Get ST's newsletters delivered to your inbox Nvidia shares have dropped during seven of the past eight sessions. PHOTO: REUTERS Published Oct 17, 2026, 11:20 AM Updated Oct 17, 2026, 12:06 PM Set as preferred source Listen Summarise Jensen Huang said the AI sell-off will pass, and that AI will be “transformative” across every industry and country. He said recent market news is “choppy” but will not change the fundamentals, and urged investors to “Stay focused on first principles”. Nvidia remains central to AI infrastructure, but chip shares, Nvidia, and CoreWeave have all fallen as investors worry AI spending may not be sustainable. AI generated Nvidia chief executive Jensen Huang took a sanguine view of the latest AI stock-market rout, saying the benefits of the technology will soon outweigh the concerns of investors. “All of this is going to pass, and the reason for that is very simple,” Huang told Bloomberg’s Emily Chang during an event in Berlin. “It’s going to be transformative. It’s going to impact in a very positive way every single industry and every single country. There’s no question it will continue, and we’re at the beginning of that.” The remarks capped a tumultuous week for shares of chipmakers and AI infrastructure companies. The closely watched Philadelphia Stock Exchange Semiconductor Index has now fallen for eight straight days, marking the longest losing streak since 2008. Nvidia shares, meanwhile, have dropped during seven of the past eight sessions. Investors have expressed worry that AI spending is not sustainable at a time of higher borrowing costs. All the while, Huang has stuck to upbeat predictions for the AI market and its impact on the broader economy. He expects the returns from massive investments in hardware to ultimately ease market jitters. “With respect to some of the news, it’s choppy news,” he said. “News, as you know, happens all the time, but it won’t change the fundamentals.” Nvidia is central to the global build-out of artificial intelligence infrastructure. It is the biggest seller of AI accelerators, chips that are used to develop and run models. And it has branched out into a variety of related hardware, software and services. The latest sell-off has taken a particular toll on CoreWeave, a cloud-computing services provider that counts Nvidia as one of its biggest backers. The company’s bonds recently hit levels that typically signal distress, and the stock lost a quarter of its value this week. Huang has repeatedly encouraged investors to look beyond near-term reports and concentrate on the long-range value of the technology. “Stay focused on first principles,” he said during the interview. “Stay focused on the fundamentals.” BLOOMBERG More on this topic Nvidia CEO says he would cut off buyers who build unsafe AI Microsoft bets on home-grown AI chip to challenge Nvidia See more on Nvidia AI/artificial intelligence Technology sector