NEW YORK / LONDON (IT BOLTWISE) – US stock markets experienced one of the sharpest swings in sentiment in recent months. The focus was particularly on AI stocks, which came under pressure again after initial enthusiasm. Nvidia, a leader in AI chips, has seen a dramatic share price performance that reflects investor uncertainty.
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US stock markets experienced one of the sharpest swings in sentiment in recent months on Thursday. The Nasdaq Composite, which had risen as much as 2.6% in the morning, closed the day down 2.16%. Similar fluctuations were seen in the S&P 500 and the Dow Jones Industrial Average, both of which failed to maintain their initial gains. The development was particularly noticeable at Nvidia, a leading company in the field of AI chips. The company’s shares initially rose as much as 5% before ending the trading day down 3.2%.
The volatility in AI stocks reflects investor uncertainty sparked by recent statements from Nvidia CEO Jensen Huang. Huang had rejected the idea of an AI bubble, which initially seemed reassuring, but investor concerns quickly returned. Other AI stocks such as Oracle and AMD also followed similar price movements, indicating general nervousness in the market.
Another factor weighing on markets was the US jobs report for September. The figures significantly exceeded expectations, which dampened hopes of an imminent interest rate cut. According to the CME FedWatch Tool, traders now expect the Federal Reserve to leave interest rates unchanged in December. This prospect of persistently high interest rates adds to concerns about the valuation of stocks, particularly in the technology sector.
But analysts warn that the real risk of an AI bubble lies not with companies like Nvidia, but with those that take on large amounts of debt to build data centers. These companies could face difficulties if demand for AI services does not grow as quickly as expected. Despite the challenges, AI technology remains an important growth factor and many experts continue to see great potential in this area.
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