By Hillary Remy
Publication Date: 2026-10-19 13:33:00
Jensen Huang spent the week selling Europe on artificial intelligence while Wall Street sold off the stocks built on it.
By the closing bell on October 16, the S&P 500’s technology sector had fallen more than 3%, the Nasdaq had lost about 2%, and energy was the stronger corner of the market with real momentum.
The damage had been building for days. AI and semiconductor stocks were on course to shed more than $1 trillion in combined value during the week as rate-hike fears, worries about AI financing and tougher competition weighed on sentiment, as reported by CNBC.
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Huang also moved to defuse a separate scare around CoreWeave, the debt-heavy cloud provider in which Nvidia holds roughly an 11% stake.
Speaking to reporters at an event in Stockholm, he said CoreWeave’s finances were improving and that he saw no need for Nvidia to backstop the company, according to TheStreet.
That worry runs deeper than one company.
Fed Chair Kevin Warsh has acknowledged that hyperscalers raising money in the bond market are intensifying competition for capital, partly explaining the climb in Treasury yields.
Morgan Stanley estimates AI-related global debt issuance will approach $570 billion in 2026, TheStreet reported.
Doubts about AI revenue added fuel.
Reports that…