By Omor Ibne Ehsan
Publication Date: 2026-10-17 11:15:00
Quick Read
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Huang declared “all of this is going to pass” as Nvidia slid just 1% while the broader tech sector lost over $1 trillion in a single day.
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AMD and Intel each fell nearly 6% as investors sold riskier chip names and held Nvidia, whose 56% net margin made it the group’s safe harbor.
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Oil topping $101 a barrel and the 10-year Treasury yield at 5.10% drove the selloff, and these macro forces are ones that Huang’s AI optimism cannot counter.
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Jensen Huang, chief executive of Nvidia (NASDAQ:NVDA), spent Friday, October 16, 2026, touring Europe. At an event in Berlin, he gave investors a one-line answer to a rough session: “All of this is going to pass, and the reason for that is very simple.”
The interview was published after the close, and the time he spoke was not disclosed, so his remarks should be read as made during the decline. Tech stocks lost more than a trillion dollars in value on the same day oil hit a five-month high.
The Nasdaq 100 fell 2.5% to 29,187.55, which left it about 7% below its latest all-time high. The S&P 500 lost 1.1%, and the Philadelphia semiconductor index dropped 3.8% for…