Nvidia’s CEO Says “All of This Is Going to Pass” After Tech Lost $1 Trillion in a Day

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1. 1h ago

   Nvidia CEO Jensen Huang Says AI Market Turmoil Will Pass

   Nvidia CEO Jensen Huang attempted to calm investor anxiety during a brutal market downturn that wiped out over $1 trillion in combined market value across twenty major semiconductor and AI stocks over seven trading sessions. Speaking in Berlin on October 16, 2026, Huang dismissed the sharp selloff as a passing phase and maintained that short-term market volatility will not alter the long-term growth outlook for artificial intelligence. The downturn coincided with heavy selling that triggered a weekly loss for the Nasdaq and pushed chip stocks into an eight-day losing streak.

   Why it matters

   The semiconductor sector just suffered its longest consecutive decline since 2008, a selloff that rattled the chip supply chain and intensified investor scrutiny over the financial returns of heavy AI infrastructure spending. Unlike the 2008 downturn, the current slide is driven by sector-specific valuation concerns rather than a broader credit crisis. Huang's remarks address growing skepticism regarding whether artificial intelligence companies can generate sufficient revenue to sustain their ongoing capital expenditure build-out.

   What is confirmed

   • Nvidia CEO Jensen Huang stated on October 16, 2026, that the sharp selloff rattling AI and semiconductor stocks is going to pass.
   • Roughly twenty major AI and chip-related stocks shed more than $1 trillion in combined market value over seven trading sessions.
   • The Philadelphia Semiconductor Index suffered its longest consecutive decline since 2008 after falling eight days in a row.
   • Tech stocks shed over a trillion dollars in a single session while oil and Treasury yields climbed, and Nvidia's CEO spoke from Berlin.

   What to watch next

   • Updates on top tech stocks and ETFs following the recent market selloff
   • Upcoming tech market catalysts and earnings reports from major AI infrastructure companies
   Sources used for this update (13)

   1. investingnews.com — Tech Weekly: Heavy Selling Results in Weekly Loss for the Nasdaq
   2. Bloomberg.com — Nvidia CEO on AI Market Turmoil: ‘All of This Is Going to Pass’
   3. Dealroom — Jensen Huang on BG2: the capex math that beats the bubble case
   4. Data Center Richness | Substack — How NVIDIA is Navigating the Next Phase of the AI Boom
   5. Moomoo — The Philadelphia Semiconductor Index suffers its longest consecutive decline since 2008; Jensen Huang responds calmly: Short-term volatility will not alter the long-term growth outlook for AI.
   6. Yahoo Finance — Nvidia’s CEO Says “All of This Is Going to Pass” After Tech Lost $1 Trillion in a Day
   7. 247wallst.com — Chip Stocks Just Fell 8 Days in a Row, Their Longest Losing Streak Since 2008
   8. Tech Xplore — AI is coming for every company, Nvidia boss says
   9. The Motley Fool — Will AI Companies Generate Enough Revenue to Continue the Build-Out? Here's What Nvidia CEO Jensen Huang Says.
   10. Kalkine Media — Why Is Nvidia (NASDAQ:NVDA) Climbing Again as AI Data-Center Demand Stays Red Hot This Week?
   11. finance.yahoo.com — Nvidia’s CEO Says “All of This Is Going to Pass” After Tech ...
   12. www.europesays.com — Nvidia's CEO Says "All of This Is Going to Pass" After Tech ...
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