Rolling coverage of the latest economic and financial news
- Nvidia opens investigation after report CEO Jensen Huang was target of foreign intelligence
Nvidia’s announcement of an independent investigation introduces another uncertainty for semiconductor stocks and the broader AI investment ecosystem, says Naeem Aslam, CIO of Zaye Capital Markets.
He adds:
European technology manufacturers and semiconductor equipment suppliers remain particularly exposed to developments in American AI spending, meaning any renewed selling pressure on Wall Street could quickly spread across European equity markets.
Huang has crisscrossed the globe promoting artificial intelligence computing — a field his company dominates — drawing throngs of fans swept up in “Jensanity.”
His relentless appearances, featuring science lectures, dad jokes and his signature leather jackets, have turned him into AI’s main cheerleader.